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