NFT is a short term for Non-Fungible Tokens. Fungible tokens can directly be substituted or exchanged as they all belong to the same asset class. Typical examples are cryptocurrencies such as Bitcoin, Ethereum, and fiats such as USD, EUR, etc. Non-fungible assets are non-equal assets designed on the blockchain. An example is a movie ticket (which is meant for a specific movie). Today, many brands or companies are embracing the NFT trend and branching away from the traditional market. Just recently, Beeple, an Instagram artist who sells his works as NFTs, entered into a partnership deal with Christie’s Inc.