Securing Digital Ownership Using Non-Fungible Tokens(NFTs), an Application of BlockChain Technology

Non-Fungible Token(NFT) is the latest tech-jargon buzzing in IT Industry. The continuous work in the area of securing contents with BlockChain has given rise to Non-Fungible Tokens(NFTs). One of the major problems of digital assets is the claim of ownership, as to how to verify ownership of digital assets (like audios, music videos, digital art, streaming contents on the web, etc.) which is accessed/copied by billions. NFTs are unique and distinct from each other thus securing the ownership. These tokens are used to represent a digital asset and contain a proof of ownership. As the BlockChain technology grows, its applications have been designed, developed and deployed in a variety of industries. In this research, we intend to give an idea of NFT and related technology. Not only this, an effort has been made to explore Indian NFT marketplaces, and the process of selling and buying the NFTs has also been discussed.