NFT Glossary Deep Dive: Burn
Ellen Britt for CNT #NFT To burn an NFT is to permanently delete it. When an NFT is burned, the NFT is sent to a blockchain address that is not spendable. Think of an unspendable address like a black hole on the blockchain where nothing ever comes back out. The First Law of NFT Thermodynamics So in reality, you can’t ever really and truly delete an NFT, because once it has been minted and published to the blockchain it’s permanent. To burn it simply means that it has now been assigned an unspendable address. The NFT is not destroyed, it’s…