What is Intangible Asset?

An intangible asset is any asset that cannot be physically touched. Examples of intangible assets include intellectual property rights, computer software, design patents, medical data, and contractual agreements such as a land title transfer or mortgage, among others. As they relate to blockchain, intangible assets include decentralized identities (DIDs), smart contracts, decentralized oracles, databases, application programming interfaces (APIs), software development kits (SDKs), and more. The classification of cryptocurrencies and non-fungible tokens (NFTs) is ambiguous because they can be stored in a digital wallet or crypto exchange and have characteristics that are both tangible and intangible.