What exactly is transferred when an NFT is sold?

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A Certificate of Ownership of the NFT is Transferred When an NFT is Sold

When an NFT is sold, what is transferred to the buyer is a certificate of ownership for that NFT, which is recorded on the blockchain. This certificate represents ownership of the digital asset, but it does not inherently grant possession of any physical object that the NFT might depict. The transaction is facilitated through specialised online platforms, with OpenSea being a prominent marketplace for these digital assets.
Ownership Certificate Registered on Blockchain

The core of an NFT transaction involves the transfer of a digital certificate. This certificate serves as proof of ownership and is immutably recorded on a blockchain, such as Ethereum. This digital ledger ensures the authenticity and uniqueness of the ownership record.
Physical Object Not Necessarily Included

It is important to note that the purchase of an NFT does not automatically mean the buyer receives the physical item or artwork associated with the token. For instance, NFTs representing famous paintings have been sold, yet the buyer only acquires the digital ownership record, not the actual painting itself.
Digital Wallets for Secure Storage

Following the purchase, the certificate of ownership must be stored securely in a digital wallet. These wallets can vary in form, from browser extensions like Metamask to physical devices, or even a simple piece of paper containing a code. Access to the wallet is crucial for managing and proving ownership of the NFT.

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What exactly is transferred when an NFT is sold?

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