WZRDS Novel Burning Method Excites NFT Collectors
For a quick rundown of the WZRDS' burning method and how to handle trading the popular NFT, head to the Lucky Trader YouTube channel.
The WZRDS team tweeted Monday explaining a new burning mechanism put into place where listed NFTs are subject to “death” where other wizards can burn your NFT.
The new mechanism sent the floor price from 0.15 ETH to 3.2 ETH overnight Monday, but most sales are still around just 0.3 ETH.
The WZRDS council will not burn anyone's WZRDS, it's all from the community, the project said. The 10,000-edition collection, which minted out June 29 for free and has no Discord, communicates through Twitter.
Interested WZRDs can see the Peddler to burn the COWZRDS (listed WZRDS). Burning a WZRD costs SHROOMS, which are earned from staking. For 20,000 SHROOMS, you can burn a WZRD. A tweet from the project said the Peddler “will only be here for a limited amount of time.” Those that had their NFT burned (and the user who paid for the burning) each receive a Half-Skull WZRDS NFT.
The new mechanism was met with some skepticism, especially after 1,000 listed WZRDS were burned.
In my opinion, wzrds is setting a dangerous precedent that you don't own your NFT and a contract owner/creator can do whatever they want to your NFT whenever they feel like it.— NFT Superman (@NFTSupaman) July 12, 2022
Still, several others seemed to be excited about the novel approach. The project says it is building toward an "epic" story, supported by examples of lore it has tweeted out.