Opensea launches exchangeable NFT standard and creates new NFT 'Burnie' minting experience

php editor Yuzi introduced: Opensea is a leading NFT market platform and has recently launched an important initiative to create a redeemable NFT standard. This move attracted widespread attention and discussion. Opensea's goal is to provide NFT holders and traders with greater flexibility and freedom. Through the redeemable NFT standard, users can convert their NFTs into other types of NFTs or other crypto assets. This move will further promote the development and innovation of the NFT market. Opensea also launched a castable experience concept NFT called "Burnie", providing users with a new creation and communication platform. This move will help further promote the popularity and application of NFT.

Opensea launches "redeemable" proof-of-concept NFT: Burnie

In order to demonstrate OpenSea's redeemable standards and experience, OpenSea officially announced the launch of the proof-of-concept NFT "Burnie the Flame". Now, users can mint Baby Burn egg-shaped NFT on the OpenSeaDrop airdrop page (gas fees need to be paid, and the minting time ends at 1:30 a.m. on January 1 next year). Afterwards, users can go to the redemption page, burn the eggs and exchange them for flame Burnie NFTs with different color characteristics, including orange, green and purple.

Official hints that Burnie NFT may have other evolutions in the future.

Introducing "Speciality Exchange" to eliminate the need to destroy the original NFT step

Currently, OpenSea's NFT standard is still in its early stages. According to the official roadmap, they plan to directly launch on-chain redeemable function support to all creators in the next stage.

1. Creator self-service tools allow creators to associate redeemable items with the NFT series they create. Buyers can view the NFT’s redemption history and available redeemable items on the Opensea platform. They will also be notified when new redeemable items become available for the NFTs they hold. This tool provides better interaction and experience for creators and buyers, making the redeemability function of NFT more convenient and transparent.

Feature redemption is an alternative to the "burning redemption" model. Users do not need to destroy NFT to redeem. It's just a way to change the characteristics of an item.

This can be achieved through the introduction of burnable minted tokens. This method not only allows users to keep the NFT in their wallet after redemption, but also enables a single NFT to support multiple redeemable items without destroying the original NFT. For example, if a creator wants to offer minted tokens to their community, they can simply add a new feature to the original NFT, rather than minting a new series and airdropping each NFT. This not only saves time and effort, but also reduces costs and avoids possible problems caused by airdrops. In this way, original collectibles can serve as burnable minted tokens, providing users with more choice and flexibility.

In the future, Opensea plans to expand the on-chain exchange standard to off-chain exchange applications, such as physical goods, tickets, activities, etc., to facilitate creators to combine their created collections with off-chain exchange experiences outside of OpenSea. connect. At the same time, the exchange status on the chain can still be tracked through characteristics or destruction.

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