In the late 20th century the internet ushered in a new technological age transforming society. With this digital transformation, technologies have made a huge leap forward and our society has become internet dependent. As more people journey online and effectively create a digital society, there are questions which arise and need to be answered. Is there value to what people are creating online, how that value is determined, and what the tax implications are? This paper will explain and define what digital assets and currencies are and how to determine whether they have a fair market value.