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Why brands are burning NFTs?

https://www.voguebusiness.com/technology/why-brands-are-burning-nfts

by agluszak • 4 years ago

6 3 4 years ago

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voguebusiness.com

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3

rafale• 4 years ago

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.

gota• 4 years ago

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)

cuham_1754• 4 years ago

So basically “burning” is just a fancy word for “deleting” stuff from the blockchain?… what am I missing here?

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