What is the difference between DAO and NFT?

Excuse me, could you clarify the fundamental differences between a Decentralized Autonomous Organization (DAO) and a Non-Fungible Token (NFT)? I understand they're both significant concepts in the blockchain and cryptocurrency space, but I'm having trouble grasping the nuances between the two. Specifically, how do they differ in their purpose, functionality, and implications for the digital economy? Could you elaborate on each one, highlighting their key characteristics and potential applications?