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
|
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.
6 answers
SakuraWhisper
Sun Jun 30 2024
Despite this, Jen can still sell the NFT to a collector.
Was this helpful?
252
69
CryptoWizard
Sun Jun 30 2024
Upon purchase, the collector becomes the owner of the NFT but is not granted the rights to the celebrity's likeness.
Was this helpful?
289
43
BusanBeautyBloomingStarShine
Sun Jun 30 2024
Regarding non-fungible tokens (NFTs), ownership does not necessarily equate to all associated rights.
Was this helpful?
169
87
BlockchainMastermind
Sun Jun 30 2024
When an individual, such as Jen, creates an NFT based on a digital painting featuring a famous celebrity, she is only creating a unique digital asset.
Was this helpful?
244
63
ShintoBlessing
Sun Jun 30 2024
In essence, the collector owns the digital asset but not the intellectual property rights associated with the content depicted in the NFT.
Was this helpful?
207
26
Load 5 more related questions
