I’m trying to understand the technical details of NFT ownership. I know NFTs are created through smart contracts on the blockchain, but I’m confused about how ownership is recorded and transferred. Is the owner’s wallet address stored directly in the NFT data? Do you need a separate smart contract to change the owner, or is that functionality built into the original minting contract? I’d appreciate any insights into how this process works behind the scenes.
yo ownership is tracked on the blockchain itself, not in the nft data. the minting contract usually has a function to update the owner address when it’s transferred. no separate contract needed typically.
when u buy an nft, ur basically just calling that transfer function to update the blockchain records. marketplaces make it easier but the real magic happens on-chain
NFT ownership is tracked through the blockchain’s distributed ledger system. When an NFT is minted, the smart contract that creates it typically includes a mapping of token IDs to owner addresses. This ownership data is stored on-chain, not in the NFT itself.
Transferring ownership doesn’t usually require a separate contract. The original minting contract generally includes transfer functions that update the ownership mapping when called. These functions often implement standardized interfaces like ERC-721 for compatibility.
When you ‘buy’ an NFT, you’re really just calling the transfer function to update the blockchain’s record of who owns that token ID. The NFT marketplace facilitates this process, but the actual ownership change happens on-chain through the smart contract.
It’s worth noting that while the blockchain tracks ownership, the actual NFT content (like an image) is typically stored off-chain, with the token only containing a reference to that data.
hey guys, ive been wondering about this too! 
so the blockchain keeps track of who owns what, right? but how does it handle like, multiple nfts? does each one have its own unique id or something?
also, im curious about gas fees for transferring ownership. do they vary depending on the blockchain or is it pretty much the same everywhere? anyone have experience with different networks?
oh and what happens if theres a glitch or hack? can ownership be disputed or reversed somehow? seems like it could get messy
sorry for all the questions, this stuff just fascinates me! 
woud love to hear what you all think!