Money is an example of a fungible asset since its components are easily interchangeable. For example, swapping a Rs 20 note for two Rs 10 notes with no loss of value. Non-fungible is an economic term that refers to goods such as your furniture, a music file, a photograph, or a property. These items are not interchangeable with other objects due to their specific characteristics. Even if an artwork can be replicated or photographed, the original remains more valuable than the copies. As a result, NFTs represent ownership of one-of-a-kind items such as artwork, collectibles, and even real estate. They can only have one genuine owner at a time and are safeguarded by the Ethereum blockchain, which means that no one can change the ownership record or create a new NFT. Sony Music Entertainment, a major record company, has filed trademark applications for non-fungible tokens and the Metaverse, according to USPTO-licensed trademark attorney Mike Kondoudis. The music business behemoth intends t...