What Is a Digital Commodity?

From theblock.co

A digital commodity is an onchain asset that draws its value from open-market supply and demand rather than from the work of a company or central issuer. Assets in this category are freely transferable and traded on public markets, which makes them behave more like traditional commodities such as gold than like a share of company stock. Bitcoin is the clearest example of a digital commodity. In the United States, "digital commodity" has become a specific regulatory label that helps decide which government agency oversees a given digital asset. As the cryptocurrency market grows, the boundary between a commodity ... (full story)