# transferOwnership

## Description

The `transferOwnership` function is an asynchronous function that facilitates the transfer of ownership for a given contract on a specified blockchain.

## Parameters

| Parameter         | Data Type | Description                                                                        |
| ----------------- | --------- | ---------------------------------------------------------------------------------- |
| `contract`        | string    | The type of contract ('ERC721', 'ERC1155', 'ERC20', 'SOULBOUND').                  |
| `blockchain`      | string    | The name or symbol of the blockchain.                                              |
| `contractAddress` | string    | The address of the contract on the blockchain.                                     |
| `privateKey`      | string    | The private key of the current owner.                                              |
| `newOwner`        | string    | The address of the new owner to whom the ownership will be transferred.            |
| `env`             | string    | The environment or network where the contract exists (e.g., 'mainnet', 'testnet'). |

## Response

| Field    | Data Type | Description                                                                                                                                                                  |
| -------- | --------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| `code`   | number    | A numeric value indicating the execution status (1 for success, 0 for error).                                                                                                |
| `error`  | any       | The error object containing details about the encountered error, if applicable.                                                                                              |
| `result` | any       | The result object containing the outcome of the ownership transfer operation. The structure of the result object may vary depending on the contract type and implementation. |

## Example Request and Response

### Prerequisites

Before making requests with NO.AI SDK, you must have it installed.

You can install NO.AI SDK using either **`npm`** or **`yarn`**. Use the following commands to install NO.AI SDK:

<br>

```sh
npm install @nest25/evm-chains-lib
OR
yarn add @nest25/evm-chains-lib
```

### Request

Here is an example of how to make a `VLRYToCRYPTO` request using the NO.AI SDK:<br>

```javascript
const { Nft } = require('@nest25/evm-chains-lib');

const nft = new Nft('testnet');
const privateKey = "your private key"

async function main() {
    const result = await nft.transferOwnership(
        'erc20',
        'ava',
        '0xc653bf7cdd8775f8d6fc2deb664d54b793914ca8',
        privateKey,
        '0x0EDdA2D7b045c0de5DF076bC367FB23af698df40',
    );
    console.log(result);
}

main();

```

### Response

```sh
```

### Use Cases

* The `transferOwnership` function can be used to transfer ownership of a contract on a specified blockchain. It is useful when there is a need to change the owner of a contract to another address.

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