This paper analyzes the correlation that exists between use of blockchain technology and transparency in accounting frameworks that increases the trust in governance, accountability of officials, public participation, and awareness. The emergence of NFTs (Non-Fungible Tokens) driven by blockchain technology presents significant challenges to traditional accounting frameworks. This paper highlights various factors like ICT infrastructure maturity, regulatory clarity and transparency in reporting that influences the adoption of ICT-enabled NFT accounting standards. The responses have been collected from 112 respondents, then analyzed using ‘Partial Least Squares Structural Equation Modeling’ (PLS-SEM) through ‘Smart-PLS 4’. The result explains, most of the relationships in the model are positive and statistically significant (p < 0.05) and the value of R-square is above 0.50 showing moderate to strong explanatory power. The findings highlight the important role of regulatory clarity, ICT infrastructure, legal framework strength, and better technology to support transparency in accounting frameworks for Non-Fungible Tokens.