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Transfer ownersip and management rights for the ESDT

The manager of an ESDT token may transfer the management rights to another Account. After this transaction is processed by the Metachain, any subsequent management operations will only be permitted to the new Account. This operation requires that the option canChangeOwner is set to true.

Due to API caching, changes may not be visible immediately.

Please provide your token id

Please provide the address of a new owner

In the dynamic world of blockchain and digital asset management, the capability for an eStandard Digital Token (ESDT) manager to transfer management rights to another account is a fundamental feature. This transfer, once processed by the Metachain, effectively shifts all administrative privileges, allowing only the new account to perform subsequent management operations. For such a transfer to be possible, it is imperative that the ESDT's settings include the canChangeOwner option set to true. This feature ensures that the transfer of management rights adheres to the protocol's governance standards, promoting flexibility and adaptability in token management under a secure framework.

The ability to change ownership is critical in scenarios where strategic shifts in management are necessary, such as corporate restructuring, mergers, or when enhancing security protocols. This operation not only supports seamless transitions in token management but also reinforces the security and integrity of the management process by entrusting control to new entities under regulated conditions. By allowing the original token managers to designate new managers, the ESDT system provides a robust mechanism for maintaining continuous and efficient management of digital assets, ensuring that all transitions are transparent and align with the overall governance policies of the MultiversX network.

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