How To Burn NFTs – Complete Guide

There are numerous reasons for burning your NFTs. In this guide, we will cover everything you need to know on how to burn NFTs the proper way and why you should do it.

how to burn nfts

Disclaimer: This article is meant for information purposes only. Wagmi.tips will not be responsible for any losses incurred as a result of burning NFTs.

Table of Contents

What Does Burning An NFT Mean?

Simply put, burning an NFT is the act of completely destroying your NFT by sending them to a blockchain address that no one can access. Do note that there will still be a record that the NFT was sent to the burner address on the blockchain as blockchain transactions are transparent.

Why Burn An NFT?

There are many reasons for burning an NFT. For example, if you are the creator of an NFT collection want to reduce the amount of circulating supply, it can be accomplished by burning NFTs. A person may also want to burn NFTs to declutter their wallet, especially with the abundance of NFT scams going on, where people send tons of unsolicited NFTs to your wallet. Recently, there is a trend where certain NFT projects encourage their collectors to burn their NFTs in exchange for an airdrop.

Risks Of Burning An NFT

While burning an NFT may sound like a fun idea, please exercise caution. Once burned, there is no way of recovering your NFTs. Hence, even if some project encourages you to burn your NFTs in exchange for some benefit, you are guaranteed to lose the money you paid for acquiring the initial NFT.

How Much Does It Cost To Burn An NFT?

In most cases, sending an NFT to a burner wallet involves a blockchain transaction. The fee incurred is akin to sending an NFT to another wallet and is usually minimal, although prices may increase if the blockchain is congested. For the Ethereum blockchain, you can expect to pay anywhere from $0.50 to $5 per transaction.

How To Burn An NFT?

How To Burn An NFT On Ethereum Blockchain

The best way to burn an NFT on the Ethereum Blockchain is through the OpenSea Marketplace. Here’s how to burn an NFT on OpenSea:

1. Navigate to your NFT on the item page for the NFT you’d like to burn. Then, click the transfer button on the top right corner.

how to burn an nft on opensea

2. Enter the OpenSea burn address: 0x000000000000000000000000000000000000dEaD

3. Click “Transfer” and confirm the transaction with your wallet. Pay the gas fees and you’re done!

How To Burn An NFT On Polygon Blockchain

The process of burning an NFT on Polygon is the same as Ethereum Blockchain with one small difference. First, you should navigate to your NFT item page on OpenSea and click “Transfer”. For the destination wallet, use 0x0000000000000000000000000000000000000000 instead.

Official source: OpenSea

How To Burn An NFT On Solana

Phantom wallet, a popular Solana wallet has a built-in burn feature. When you burn NFTs in Solana, you will even earn free Solana! Watch this short video below to learn how:

Summary

As we’ve covered, burning NFTs is an irreversible process. Hence, think twice before you make the move. For creators, burning NFTs is also a way to reduce the total supply of an NFT collection, thus increasing scarcity and demand. It is important to use the official burn address as listed on our website, as there are many devious parties promoting fake burn addresses in order to steal peoples’ NFTs.