The disclosure relates to a system and a method for implementing user-specified transaction parameters for transferring digital content items amongst users. The method includes: receiving a request from a first user to transfer a right of possession to a first digital content item, wherein the first digital content item includes a content portion and a metadata portion for displaying a visual representation of the first digital content item; in response to receiving the request, precluding user access to at least the content portion of the first digital content item on one or more computing devices associated with an account of the first user; and providing the visual representation of the first digital content item on a display of at least one of the one or more computing devices based on the metadata portion of the first digital content item.