Previously, the Burn Redeem App only supported ERC 1155 burns, but it now supports burning ERC 721 too.
Creators can configure 1 of 3 possible sets of eligible burn tokens on any Manifold ERC-721 contract, including:
- All tokens (all tokens within a single contract)
- All tokens within a specified token ID range (i.e., tokens 1-100)
- A specific set of token IDs (i.e., tokens 1, 2, 3, 4, and 5)
Any ERC 721 token within an eligible burn token set can be redeemed for a new ERC 721 edition as configured by the creator.
Before completing a burn, collectors will see a screen that shows what they're burning and what they're redeeming.
When you use the Burn Redeem App to burn your tokens on a contract for the first time, there's also an extra step you need to take. The app will ask you to approve your tokens on the Burn Redeem contract.
By doing this, you give the app permission to execute the burning of your tokens. It's an important step to make sure that everything goes smoothly, so don't worry if you see it pop up.
Just follow the instructions and you'll be set.
Moreover, the Burn Redeem app has some new upgrades that creators are sure to find useful. These upgrades include gas optimizations, which can save on fees, as well as multi-token burns, allowing for the burning of multiple tokens at once.
The app also has paid burns, so you can burn tokens while also receiving payment, as well as airdrops, which allow for the distribution of tokens to a large number of people.
Another upgrade allows for the burning of tokens from external contracts, and there's even cross-spec burning between ERC-721 and ERC-1155 tokens. These upgrades can help creators customize their tokens and improve their functionality.
That said, the Burn Redeem App is constantly evolving, and mint fees are part of the upgrade. The expected fee for this application will be 0.00069 ETH (approximately $1) per edition minted. Claims will follow with a similar contract upgrade.
All these upgrades pave the way for a new level of creativity for creators and additional opportunities for collectors.