Money is a good example of a fungible asset because its units can be exchanged for one another easily. The value of a Rs 20 note would be preserved if exchanged, for instance, for two Rs 10 notes. Items like furniture, music files, pictures, and homes are examples of non-fungible assets in economics. These items can't be replaced with anything else because they have their own unique characteristics. The original work of art will always be more precious than any copy or photograph of it. For this reason, NFTs represent the ownership of one-of-a-kind items such as works of art, collectibles, and even real estate. The Ethereum blockchain guarantees that only one person can legally own one of these NFTs at any given time, and that the ownership record cannot be altered or new NFTs created. Mike Kondoudis, who is licensed to practice law in the United States Patent and Trademark Office, claims that Sony Music Entertainment, a major record company, has applied to trademark non-fungible t...