diff --git a/packages/assets-controllers/src/NftController.test.ts b/packages/assets-controllers/src/NftController.test.ts
index 940f10f86b..4342f80143 100644
--- a/packages/assets-controllers/src/NftController.test.ts
+++ b/packages/assets-controllers/src/NftController.test.ts
@@ -3408,6 +3408,7 @@ describe('NftController', () => {
         nftMetadata: { name: '', description: '', image: '', standard: '' },
         networkClientId: testNetworkClientId,
       });
+
       sinon
         .stub(nftController, 'getNftInformation' as keyof typeof nftController)
         .returns({
@@ -3464,6 +3465,7 @@ describe('NftController', () => {
         },
         networkClientId: testNetworkClientId,
       });
+
       sinon
         .stub(nftController, 'getNftInformation' as keyof typeof nftController)
         .rejects(new Error('Error'));
@@ -3500,7 +3502,7 @@ describe('NftController', () => {
       });
     });
 
-    it('should  update metadata when some calls to fetch metadata succeed', async () => {
+    it('should update metadata when some calls to fetch metadata succeed', async () => {
       const { nftController } = setupController();
       const { selectedAddress } = nftController.config;
       const spy = jest.spyOn(nftController, 'updateNft');
@@ -3515,6 +3517,7 @@ describe('NftController', () => {
         },
         networkClientId: testNetworkClientId,
       });
+
       await nftController.addNft('0xtest2', '2', {
         nftMetadata: {
           name: '',
@@ -3524,6 +3527,7 @@ describe('NftController', () => {
         },
         networkClientId: testNetworkClientId,
       });
+
       await nftController.addNft('0xtest3', '3', {
         nftMetadata: {
           name: '',
@@ -3533,6 +3537,7 @@ describe('NftController', () => {
         },
         networkClientId: testNetworkClientId,
       });
+
       sinon
         .stub(nftController, 'getNftInformation' as keyof typeof nftController)
         .onFirstCall()
@@ -3624,5 +3629,120 @@ describe('NftController', () => {
         },
       ]);
     });
+
+    it('should not update metadata when nfts has image/name/description already', async () => {
+      const { nftController, triggerPreferencesStateChange } =
+        setupController();
+      const spy = jest.spyOn(nftController, 'updateNftMetadata');
+      const testNetworkClientId = 'sepolia';
+
+      // Add nfts
+      await nftController.addNft('0xtest', '3', {
+        nftMetadata: {
+          name: 'test name',
+          description: 'test description',
+          image: 'test image',
+          standard: 'ERC721',
+        },
+        userAddress: OWNER_ADDRESS,
+        networkClientId: testNetworkClientId,
+      });
+
+      // trigger preference change
+      triggerPreferencesStateChange({
+        ...getDefaultPreferencesState(),
+        isIpfsGatewayEnabled: false,
+        openSeaEnabled: true,
+        selectedAddress: OWNER_ADDRESS,
+      });
+
+      expect(spy).toHaveBeenCalledTimes(0);
+    });
+
+    it('should trigger calling updateNftMetadata when preferences change - openseaEnabled', async () => {
+      const { nftController, triggerPreferencesStateChange, changeNetwork } =
+        setupController();
+      changeNetwork(SEPOLIA);
+      const spy = jest.spyOn(nftController, 'updateNftMetadata');
+
+      const testNetworkClientId = 'sepolia';
+      // Add nfts
+      await nftController.addNft('0xtest', '1', {
+        nftMetadata: {
+          name: '',
+          description: '',
+          image: '',
+          standard: 'ERC721',
+        },
+        userAddress: OWNER_ADDRESS,
+        networkClientId: testNetworkClientId,
+      });
+
+      expect(
+        nftController.state.allNfts[OWNER_ADDRESS][SEPOLIA.chainId][0]
+          .isCurrentlyOwned,
+      ).toBe(true);
+
+      sinon
+        .stub(nftController, 'getNftInformation' as keyof typeof nftController)
+        .returns({
+          name: 'name pudgy',
+          image: 'url pudgy',
+          description: 'description pudgy',
+        });
+
+      // trigger preference change
+      triggerPreferencesStateChange({
+        ...getDefaultPreferencesState(),
+        isIpfsGatewayEnabled: false,
+        openSeaEnabled: true,
+        selectedAddress: OWNER_ADDRESS,
+      });
+
+      expect(spy).toHaveBeenCalledTimes(1);
+    });
+
+    it('should trigger calling updateNftMetadata when preferences change - ipfs enabled', async () => {
+      const { nftController, triggerPreferencesStateChange, changeNetwork } =
+        setupController();
+      changeNetwork(SEPOLIA);
+      const spy = jest.spyOn(nftController, 'updateNftMetadata');
+
+      const testNetworkClientId = 'sepolia';
+      // Add nfts
+      await nftController.addNft('0xtest', '1', {
+        nftMetadata: {
+          name: '',
+          description: '',
+          image: '',
+          standard: 'ERC721',
+        },
+        userAddress: OWNER_ADDRESS,
+        networkClientId: testNetworkClientId,
+      });
+
+      expect(
+        nftController.state.allNfts[OWNER_ADDRESS][SEPOLIA.chainId][0]
+          .isCurrentlyOwned,
+      ).toBe(true);
+
+      sinon
+        .stub(nftController, 'getNftInformation' as keyof typeof nftController)
+        .returns({
+          name: 'name pudgy',
+          image: 'url pudgy',
+          description: 'description pudgy',
+        });
+
+      // trigger preference change
+      triggerPreferencesStateChange({
+        ...getDefaultPreferencesState(),
+        isIpfsGatewayEnabled: true,
+        openSeaEnabled: false,
+        selectedAddress: OWNER_ADDRESS,
+      });
+
+      expect(spy).toHaveBeenCalledTimes(1);
+    });
   });
 });
diff --git a/packages/assets-controllers/src/NftController.ts b/packages/assets-controllers/src/NftController.ts
index 2d27107273..9061b8f180 100644
--- a/packages/assets-controllers/src/NftController.ts
+++ b/packages/assets-controllers/src/NftController.ts
@@ -279,7 +279,6 @@ export class NftController extends BaseControllerV1<NftConfig, NftState> {
       ...oldState,
       ...{ [userAddress]: newAddressState },
     };
-
     this.update({
       [baseStateKey]: newState,
     });
@@ -1041,7 +1040,7 @@ export class NftController extends BaseControllerV1<NftConfig, NftState> {
     this.messagingSystem = messenger;
 
     onPreferencesStateChange(
-      ({
+      async ({
         selectedAddress,
         ipfsGateway,
         openSeaEnabled,
@@ -1053,6 +1052,26 @@ export class NftController extends BaseControllerV1<NftConfig, NftState> {
           openSeaEnabled,
           isIpfsGatewayEnabled,
         });
+
+        const needsUpdateNftMetadata =
+          (isIpfsGatewayEnabled && ipfsGateway !== '') || openSeaEnabled;
+
+        if (needsUpdateNftMetadata) {
+          const { chainId } = this.config;
+          const nfts: Nft[] =
+            this.state.allNfts[selectedAddress]?.[chainId] ?? [];
+          // filter only nfts
+          const nftsToUpdate = nfts.filter(
+            (singleNft) =>
+              !singleNft.name && !singleNft.description && !singleNft.image,
+          );
+          if (nftsToUpdate.length !== 0) {
+            await this.updateNftMetadata({
+              nfts: nftsToUpdate,
+              userAddress: selectedAddress,
+            });
+          }
+        }
       },
     );
 
@@ -1363,20 +1382,21 @@ export class NftController extends BaseControllerV1<NftConfig, NftState> {
    * Refetches NFT metadata and updates the state
    *
    * @param options - Options for refetching NFT metadata
-   * @param options.nfts - Array of nfts
-   * @param options.networkClientId - The networkClientId that can be used to identify the network client to use for this request.
+   * @param options.nfts - nfts to update metadata for.
    * @param options.userAddress - The current user address
+   * @param options.networkClientId - The networkClientId that can be used to identify the network client to use for this request.
    */
   async updateNftMetadata({
     nfts,
-    networkClientId,
     userAddress = this.config.selectedAddress,
+    networkClientId,
   }: {
     nfts: Nft[];
-    networkClientId?: NetworkClientId;
     userAddress?: string;
+    networkClientId?: NetworkClientId;
   }) {
     const chainId = this.getCorrectChainId({ networkClientId });
+
     const nftsWithChecksumAdr = nfts.map((nft) => {
       return {
         ...nft,
@@ -1696,7 +1716,6 @@ export class NftController extends BaseControllerV1<NftConfig, NftState> {
       updatedNft,
       ...nfts.slice(nftInfo.index + 1),
     ];
-
     this.updateNestedNftState(newNfts, ALL_NFTS_STATE_KEY, {
       chainId,
       userAddress: selectedAddress,