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Is there an analog of transferOwnership in Tezos?
It looks like it's possible to make custom FA2 contract and change owner. Is this correct?
Looking for an authorative answer
There is no notion of owner of a smart contract in Tezos (anymore).
However, smart contracts can implement some custom logic to describe what managing them means (and typically store some admin address in their storage).
Smart contracts are managed by the private key that created it. Transferring ownership means to transfer the private key to the new owner.
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