diff --git a/packages/database_v2/metadata/databases/default/tables/tables.yaml b/packages/database_v2/metadata/databases/default/tables/tables.yaml
index 3e14035c37..59eb08eb91 100644
--- a/packages/database_v2/metadata/databases/default/tables/tables.yaml
+++ b/packages/database_v2/metadata/databases/default/tables/tables.yaml
@@ -6,7 +6,6 @@
 - '!include public_nft.yaml'
 - '!include public_nft_asset.yaml'
 - '!include public_nft_metadata.yaml'
-- '!include public_nft_owner.yaml'
 - '!include public_nft_ownership.yaml'
 - '!include public_nfts_by_blockchain_blocks.yaml'
 - '!include public_niftysave_migration.yaml'
diff --git a/packages/database_v2/migrations/default/1634102112152_populate_nft_ownership/down.sql b/packages/database_v2/migrations/default/1634102112152_populate_nft_ownership/down.sql
new file mode 100644
index 0000000000..11b190226d
--- /dev/null
+++ b/packages/database_v2/migrations/default/1634102112152_populate_nft_ownership/down.sql
@@ -0,0 +1 @@
+-- Could not auto-generate a down migration.
diff --git a/packages/database_v2/migrations/default/1634102112152_populate_nft_ownership/up.sql b/packages/database_v2/migrations/default/1634102112152_populate_nft_ownership/up.sql
new file mode 100644
index 0000000000..35b2981949
--- /dev/null
+++ b/packages/database_v2/migrations/default/1634102112152_populate_nft_ownership/up.sql
@@ -0,0 +1,96 @@
+-- Populate nft_ownership table from nft + blockchain_block
+
+INSERT INTO nft_ownership (nft_id, owner_id, block_number, updated_at, inserted_at)
+  (SELECT nft.id as nft_id,
+          nft.nft_owner_id as owner_id,
+
+     (SELECT number
+      FROM blockchain_block
+      WHERE hash = nfts_by_blockchain_blocks.blockchain_block_hash ) as block_number,
+          nfts_by_blockchain_blocks.updated_at as updated_at,
+          nfts_by_blockchain_blocks.inserted_at as inserted_at
+   FROM nft
+   INNER JOIN nfts_by_blockchain_blocks ON nft.id = nfts_by_blockchain_blocks.nft_id) ON CONFLICT ON CONSTRAINT nft_ownership_pkey DO
+UPDATE
+SET updated_at = EXCLUDED.updated_at;
+
+-- Update ingest_erc721_token function so it no longer inserts nft_owner_id into
+-- nft table
+
+CREATE OR REPLACE FUNCTION ingest_erc721_token (-- Unique token identifier
+ id nft.id % TYPE, -- ERC721 tokenID (unique within a contract space)
+ token_id nft.token_id % TYPE, -- ERC721 tokenURI
+ token_uri nft_asset.token_uri % TYPE, -- ERC721 mintTime
+ mint_time nft.mint_time % TYPE, -- NFT Contract
+ contract_id nft.contract_id % TYPE, contract_name blockchain_contract.name % TYPE, contract_symbol blockchain_contract.symbol % TYPE, contract_supports_eip721_metadata blockchain_contract.supports_eip721_metadata % TYPE, -- Block
+ block_hash blockchain_block.hash % TYPE, block_number blockchain_block.number % TYPE, -- Owner
+ owner_id nft_ownership.owner_id % TYPE, -- Timestamps
+ updated_at nft.updated_at % TYPE DEFAULT timezone('utc'::text, now()), inserted_at nft.inserted_at % TYPE DEFAULT timezone('utc'::text, now())) RETURNS
+SETOF nft LANGUAGE plpgsql AS $$
+DECLARE
+  token_uri_hash nft.token_uri_hash % TYPE;
+  nft_id nft.id % TYPE;
+BEGIN
+  nft_id := id;
+
+  -- Create a corresponding token_asset record. If one already
+  -- exists just update it's `update_at` timestamp.
+  INSERT INTO nft_asset (token_uri, ipfs_url, content_cid, status, status_text)
+    VALUES (token_uri, NULL, NULL, 'Queued', '')
+  ON CONFLICT ON CONSTRAINT nft_asset_pkey
+    DO UPDATE SET
+      updated_at = EXCLUDED.updated_at
+    RETURNING
+      nft_asset.token_uri_hash INTO token_uri_hash;
+
+  -- Record the block information if already exists just update the timestamp.
+  INSERT INTO blockchain_block (hash, number)
+    VALUES (block_hash, block_number)
+  ON CONFLICT ON CONSTRAINT blockchain_block_pkey
+    DO UPDATE SET
+      updated_at = EXCLUDED.updated_at;
+
+  -- Record contract information if already exists just update
+  -- the date.
+  INSERT INTO blockchain_contract (id, name, symbol, supports_eip721_metadata)
+    VALUES (contract_id, contract_name, contract_symbol, contract_supports_eip721_metadata)
+  ON CONFLICT ON CONSTRAINT blockchain_contract_pkey
+    DO UPDATE SET
+      updated_at = EXCLUDED.updated_at;
+
+  -- Record owner information
+  INSERT INTO nft_ownership (nft_id, owner_id, block_number)
+    VALUES (nft_id, owner_id, block_number)
+  ON CONFLICT ON CONSTRAINT nft_ownership_pkey
+    DO UPDATE SET
+      updated_at = EXCLUDED.updated_at;
+
+  -- Record nft
+  INSERT INTO nft (id, token_id, token_uri_hash, mint_time, contract_id)
+    VALUES (nft_id, token_id, token_uri_hash, mint_time, contract_id)
+  ON CONFLICT ON CONSTRAINT nft_pkey
+    DO UPDATE SET
+      updated_at = EXCLUDED.updated_at;
+
+  -- Record nft to block association
+  INSERT INTO nfts_by_blockchain_blocks (blockchain_block_hash, nft_id)
+    VALUES (block_hash, nft_id)
+  ON CONFLICT ON CONSTRAINT nfts_by_blockchain_blocks_pkey
+    DO UPDATE SET
+      updated_at = EXCLUDED.updated_at;
+
+  RETURN QUERY
+  SELECT
+    *
+  FROM
+    nft
+  WHERE
+    nft.id = nft_id;
+END;
+$$;
+
+-- DROP nft_owner_column
+
+ALTER TABLE nft
+DROP COLUMN nft_owner_id;
+