The uniqueness of each NFT has made it an ideal instrument for tokenizing other physical and digital goods. By tokenizing things like art, music, digital collectibles, and even land, they can be represented as NFTs on the blockchain. The NFTs thus generated will include a record of underlying assets that are tokenized, and stored on the associated blockchain signifying ownership. As a result, anyone owning the resulting NFT can be considered the actual owner of the underlying asset which can be readily verified for provenance and authenticity by referring to the respective immutable record on the blockchain. The use of blockchain to store these records protects the tokenized assets from fraud, double spending, substitution, duplication, or subdivision, thereby imparting absolute ownership to NFT holders.