Legal Validity of NFTs in India Non-fungible tokens (NFTs) are asset-backed or digital assets with unique identification codes and information stored in a blockchain ledger reflecting the ownership and legitimacy of an associated unique tangible or intangible item. NFTs are distinguished by their non-fungibility, as implied by their name, and NFTs’ legal validity in India is a thing to take into consideration. In economic terms, fungibility is the capacity of an asset to be traded for value with other individual assets of the same sort. This implies that fungible assets of the same denomination have the same worth. NFTs, on the other hand, are not interchangeable, irreplaceable, or unique by definition. Concept of NFTs The idea behind NFTs' legal validity in India is to generate scarcity and shortage in the seemingly unlimited supply of virtual commodities. As a result, NFTs promise to develop a one-of-a-kind "digital original" that can be unambiguously identified to the
Adoption Process of Under The Adoption Laws in India According to research conducted by the Indian Association for the Promotion of Adoption and Child Welfare, the number of single women who wish to adopt is gradually increasing in India, reinforced by the desire to have a family. The Hindu Adoptions & Maintenance Act of 1956 governs adoption in India for Buddhists, Jains, and Sikhs. Because Muslims, Parsis, Christians, and Jews do not recognise full adoption, a person of such a religion may seek guardianship of a child under Section 8 of the Guardians & Wards Act 1890. The Juvenile Justice and the CARA Guidelines & Adoption Regulations, 2017, are legislation that enhances the adoption action. The Capacity of A Male to Adopt A Child in India Any Hindu male who is not insane & is not a minor is eligible to adopt a son or daughter. However, suppose he has a live wife; in that case, he shall not adopt without her agreement unless his wife has totally and finally forsaken t