-
Notifications
You must be signed in to change notification settings - Fork 318
Commit
This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository.
CPS-???: properly burning NFTs / tokens.
- Loading branch information
Mateusz Czeladka
committed
Dec 1, 2022
1 parent
7ce4980
commit a16f422
Showing
1 changed file
with
25 additions
and
0 deletions.
There are no files selected for viewing
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -0,0 +1,25 @@ | ||
--- | ||
CPS: ? | ||
Title: Burning NFTs / tokens | ||
Status: Open | ||
Category: ? | ||
Authors: | ||
- Mateusz Czeladka <mateusz.czeladka@cardanofoundation.org> | ||
Proposed Solutions: [] | ||
Created: 2022-12-01 | ||
--- | ||
|
||
# DRAFT - NFTs | ||
|
||
## Abstract | ||
|
||
The aim of this problem statement is to raise the issue around the ability to burn NFT / tokens and release minUTxO (ADA) backing the NFT / token. | ||
|
||
## Problem | ||
|
||
It is understood that minUTxO has been introduced as a way to protect ledger from tokens and NFTs spam, however, the only currently supported methods of "burning NFTs" do not address the core of the problem, namely releasing ADA 'locked' behind a token or NFT. Currently recommended methods of 'burning' are either sending to another wallet owned by the person sending or send to another wallet owned by somebody else. Neither of those methods actually releases underlying 'locked' minUTxO ADA. | ||
|
||
More and more users on social media are asking for ability to properly burn NFTs and tokens. | ||
|
||
## Possible solution | ||
We need likely some ledger changes and some ability to properly burn the token should the owner (owner as in currently in the wallet) of the token wishes it. |