This transfer of ownership is irreversible and is recorded on the blockchain, which ensures that the new owner has a transparent and legitimate claim over the NFT.
In addition to the transfer of ownership, the NFT may come with additional rights or privileges that the new owner can exercise. For instance, an NFT may entitle its owner to exclusive access to certain content or products, or the right to participate in exclusive events or activities.
Overall, the transfer of ownership of an NFT is a key feature of this innovative technology, allowing collectors and investors to establish clear ownership rights over unique digital assets.
