Unveiling VeeFriends’ Cutting-Edge NFT Burning System

Share This Post

Prepare to face the flames: VeeFriends Burn Island “Eruption 1” is here. NFT collectors can unlock rare digital collectibles, rewards, and events through NFT burning.

Quick Take:

  • VeeFriends’ new platform issues rare digital and physical rewards, collectibles, and events through NFT burning.
  • Burn Island is open until March 2, 2023. To join, users must send their chosen digital assets to a burn address, removing it from circulation, before unlocking physical and virtual rewards via the platform.
  • Burn-Swap allows token trading for new items during each eruption, and sweepstakes offer a chance to win exciting prizes by burning an NFT to enter.
  • Anyone can use this system, but it’s primarily designed for VeeFriends collectibles.

Everything You Need to Know About Burn Island

Burn Island is a deflationary platform in the world of VeeFriends, unlocking both physical and virtual rewards through NFT burning.

To partake, users must remove their chosen NFT from circulation by sending it to a burn address without ownership.

Once burning the NFT, the user will no longer own it. Instead, it will now publicly be viewable on the burn site and unrecoverable.

Although this sounds like a pointless process, VeeFriends’ NFT burning service opens up numerous possibilities for NFT holders.

The feature Burn-Swap allows the trading of digital assets for new items that will arise during one of island’s eruptions. And each eruption opens different rewards with its own unique experience.

On the other hand, sweepstakes offer users a chance to win exciting prizes when burning an NFT as entry.

This new feature is available for all types of digital assets. However, only VeeFriends collectibles can get the most out of this new cutting-edge system.

VeeFriends will host an “Eruption” frequently. The first one started two days ago (February 21) and will end on March 2, 2023.

Burn Island offers a little something for everyone. So, join the explosion!

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.


Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Related Posts

Dookey Dash Pro-Gamer Claims Being the Winner

BAYC members celebrate a Dookey Dash player claiming he...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

Wow Bao Leaps into Metaverse with Innovative NFT Loyalty Program

Leading Asian food chain Wow Bao has stepped into...

The Top 10 Most Expensive NFTs Sold

7 out of the 10 most expensive NFTs sold...

What is an NFT Record Label?

An NFT record label is a type of record...

Milady Maker NFT Review – A Virtual World of Minecraft

Milady Maker opens up the virtual world of Minecraft Milady...