why intangible assets dominate the economy
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The value of the virtual is no longer an abstract concept: today it represents the backbone of economic and cultural innovation. More and more often, objects that exist only digitally, such as NFT and cryptocurrencies, are establishing themselves as leading financial assets. And as economies digitalize, the recurring question is: how can something intangible, without physical form, acquire real economic value? To understand it, it is necessary to explore the role of intellectual property and the revolutions that have allowed intangible assets to support and drive global growth. The value of the virtual conquers the global scene The issue of the value of the virtual has deep roots. In 1709, the British Parliament enacted the Statute of Anne, the first modern copyright law. This regulation recognized the creators’ right to own their works, excluding publishers from the monopoly and allowing authors to benefit directly from their creations. With these foundations, intellectual property became one of the driving forces of modernity, fostering an unprecedented explosion of creativity and knowledge. As a result, literary and scientific masterpieces were born that laid the foundations of the Age of Enlightenment and the Scientific Revolution. Jane Austen, Charles Dickens, Voltaire, Darwin, Marie Curie are just a few of the names that represent this new autonomy of creators in the world of ideas. The protection of intellectual property has not only fueled cultural progress. It has had disruptive economic effects. By allowing creators to monetize their inventions, intangible property has incentivized continuous innovation and the creation of new assets. Nations like China, which for decades neglected IP rights, then experienced an innovative boom by strengthening these very protections. The result? Today, intangible property is at the center of the most advanced economies and supports millions of jobs worldwide. Intangible assets generate more wealth than material goods…
