Why brands are burning NFTs?(voguebusiness.com)
voguebusiness.com
Why brands are burning NFTs?
https://www.voguebusiness.com/technology/why-brands-are-burning-nfts
3 comments
I'm either too smart, too stupid or too something else, but I really, really don't see myself participating in these "Artificial Scarcity Activity Modalities" (SCAMs)
I made an NFT collection and they can definitely be changed :)
The only part that can't be changed is the portion written on the blockchain which is, for most collections, only the token number.
So yeah, I can't change the fact that token #450 was minted, but I can change the image, name, description and metadata (e.g. traits) associated to it.
The only part that can't be changed is the portion written on the blockchain which is, for most collections, only the token number.
So yeah, I can't change the fact that token #450 was minted, but I can change the image, name, description and metadata (e.g. traits) associated to it.
So basically “burning” is just a fancy word for “deleting” stuff from the blockchain?… what am I missing here?