Are there any written regulations for NFT Law? Is there any observation over the transactions? First, we should know what NFTs are; NFS stands for Non-Fungible Tokens. The word “Fungible” means that which can be traded or exchanged for one another, for example, a dollar bill or a Bitcoin or an Ada coin. Therefore, by definition, something that is “Non Fungible” is unique and cannot be exchanged with another token. A token is a ...