Non-Fungible Tokens are digital assets or a type of digital certificate for owning a tangible or intangible item such as paintings, virtual lands, videos, etc. NFTs cannot be replicated or exchanged with any similar asset since every NFT is unique. Fungible and non-fungible tokens differ in the property of being interchangeable. The fungible tokens allow interchangeability while Non-Fungible Tokens don't. Bitcoins, gold and fiat currencies are fungible products. Every individual unit of fungible assets is equivalent to every other unit and thus allows easy interchangeability. The non-fungible tokens contain identification information which makes every NFT different from each other and thus, these are irreplaceable tokens. The main characteristics of NFT That an NFT development company must ensure are: Uniqueness: Every NFT is unique. Smart Contracts associated with every NFT hold the identification information that makes each token unique. The Smart Contracts act as a certificate