# Digital Property Rights By [FreeGame.Eth](https://paragraph.com/@flck) · 2024-01-18 nft, web3, art --- Property Rights are the key to economic development and prosperity!! Property Rights are a system that give the owner the ability to do what they choose to do with their property. Property Right laws are different everywhere but the most successful systems are standardize, and keep records in some form of a contract. And note, property could be a piece of land or a car but property could also be a patent or an invention. Intellectual property. Property Rights have been around for ages. They're established to protect security and ownership of a transaction. They're a coordination technology and improve the flow of communication about assets. Property Rights are where culture becomes civilization and its been proven throughout history. Once you can prove something is scarce you can start to build Property Rights on top of it. A house for example, once you own the Property Rights and it's well documented, you have the permission to use it, rent it, or sell it. We have these Property Rights in the real physical world but we haven't had them in the digital world. The Internet has been around for a while and we spend a large chuck of our time on it. MP3, PDF's, content or anything digital that we send over the internet can be duplicated or copied without crediting the original creator. We've not been able to create digital scarcity to build Property Rights on. Until now! With Crypto. [ ![](https://readwriteown.com/wp-content/uploads/2023/12/read-write-own-orange-hardcover-rectangle.jpg) https://readwriteown.com Read Write Own - Chris Dixon ---------------------------- A potent exploration of the power of blockchains to reshape the future of the Internet-and how that affects us all-from highly influential entrepreneur and ](https://readwriteown.com/) Digital Property Rights are the entire point of crypto and it's the first time in human history that we've had a native way to create digital scarcity on the Internet. Throughout time, stores of value have changed for humans. We've stored our value in cattle, shells, gold, real estate, dollars, and now digital objects on the Internet. Property Rights for digital objects that are Internet native and bottom up is the unlock that's completely restructuring how value is owned and transferred! Being able to own and store value in digital objects gives us the ability to buy, sell, use as collateral, or do whatever we like with them. [https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract) Eventually this will expand to Tradfi assets. Real world assets will use the digital Property Rights system as well. Digital Property Rights can be tokenized and parsed out. You'll be able to sell certain aspect of your digital Property Rights on a marketplace. Also, digital objects are durable, divisible, and scalable so businesses will want to participate. [![User Avatar](https://pbs.twimg.com/profile_images/1624733905399033857/CAFFXVHi_normal.jpg)](https://twitter.com/RadarHits) [Radar🚨](https://twitter.com/RadarHits) [@RadarHits](https://twitter.com/RadarHits) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/RadarHits/status/1746155031265489197) BlackRock CEO Larry Fink: ‘…the next step is the tokenisation of financial assets, and that means every stock, every bond…’ ![](https://pbs.twimg.com/amplify_video_thumb/1746154953725353984/img/VBP1DJ6K_IEWAF7m.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 8,243](https://twitter.com/RadarHits/status/1746155031265489197)[ 4:59 AM • Jan 13, 2024 ](https://twitter.com/RadarHits/status/1746155031265489197) Lets take ownership of our digital rights and build a system that beneficial for all!! --- *Originally published on [FreeGame.Eth](https://paragraph.com/@flck/digital-property-rights)*