Cryptocurrency Q&A
Do you still own the NFT if you sell it?
Do you still own the NFT if you sell it?
Chiara
Fri Jun 28 2024
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6
answers
1299
When it comes to the realm of Non-Fungible Tokens (NFTs), one of the most common queries revolves around ownership. So, let's delve into this question: "Do you still own the NFT if you sell it?" The answer is quite straightforward yet crucial to understand in the digital asset world. Simply put, once you sell an NFT, you no longer own it. The transaction involves the transfer of ownership rights from the seller to the buyer. The buyer then becomes the legal owner of the NFT, with all the associated rights and privileges. So, if you're considering selling an NFT, it's important to be aware that you're relinquishing ownership of that unique digital asset.
