NFTs are being updated by adding new functionality to the already existing features. Dynamic NFTs or Living NFTs have recently come to the forefront. This can incorporate time, interactions with other NFTs, or external data, such as real-time results. Nesting of NFTs, interlinking, co-ownership, rental model, and other elements are included in the NFT2.0 idea. Adding Fungibility to NFTs to co-own them is an emphasized concept that has yet to be commercialized. NFT rental standards and mortgage standards are already in use which top NFT marketplace platforms are trying to incorporate at a larger scale.