Hey guys,

It’s a huge part of low fee smart contract chains, we all know about it, the scam tokens/NFTs…

BUT can we actually get a semi-professional insight. If you BURN the scam NFT, is there any risk?
And by burning it do you gain the sol rent back or does the scammer who minted it?

Thanks!

Also will there be some kind of on chain filtering black/white list in future when a scam nft is detected it can be nuked from showing up in common wallets? Like spam email filter, is that possible/ to come?

  • tuxr22@alien.topBEnglish
    1·
    10 months ago

    So, the majority of these scam nfts/tokens are phishing to try to lure you to a site where they will get you to sign a bad transaction. They are counting on people to be excited about getting a lot of free whatever and, clicking the link and signing a transaction on the bad site.

    As far as burning these, it will be safe if you use Phantom, solflare, solincinerator or FFF TMI. These safe places to burn will not execute programs other than burning the nft/token.