Burn Island is an incredible new addition to the VeeFriends world. The intention was to expand the project, business, and intellectual property. Burn Island is a location and platform where VeeFriends NFT holders can burn their NFTs in exchange for other rare or valuable NFT collectibles, event access, and tangible or digital incentives.
Burning tokens on Burn Island may often be utilized with any NFT contract. The platform will be utilized primarily for smart contracts on VeeFriends, such as VeeFriends BOOK GAMES, the first-of-its-kind Layer 2 NFT designed by Gary Vaynerchuk and tied to his best-selling book Twelve and a Half.
The origin of Burn Island will be interwoven with numerous beneficial features. VeeFriends will ensure that this is accomplished in a manner that continues to surprise and delight the community.
Burn Island is activated by eruptions, and each eruption requires a unique combination of NFTs, rares, or both in order to burn for the prize of the eruption.
What exactly are Eruptions?
There will be different conditions for Players to obtain rewards for each Eruption. Eruptions on Burn Island will not occur simultaneously. Each event will have a fixed beginning and ending time. So, every Eruption will have its own distinct characteristics and experiences. Also, before each Event begins, comprehensive information will be provided to ensure that it meets all regulatory criteria.
When will the first eruption happen?
The first Eruption begins on February 21, 2023, and ends on March 2, 2023. In order to access Burn Island and Eruption 1, you will need to create an account on the new VeeFriends website.
Eruptions will help sequentially and not simultaneously. Each eruption has a start date, a termination date, and a required quantity of burn tokens. To participate in an eruption, individuals must visit the website, log in, and verify their eligibility. Each eruption will have unique exchanges, including 1-to-1 swaps, many-for-one swaps, and even contests with reduced entry fees. This makes the game more engaging and encourages more VeeFriends NFT holders to participate, given that Burn Island is predominantly for VeeFriends NFT holders.
Burn Island was created by VeeFriends as a strategic effort to expand the VeeFriends brand by providing the community with more value through events and intellectual property.
“We are on track to achieve what I had envisioned for VeeFriends, and we will continue to create real-life value through these NFTs. I am excited for what’s to come and for the opportunity to grow this amazing community even more,” Gary Vaynerchuk, the creator and CEO of VeeFriends, stated this. “As I’ve said from the inception of VeeFriends, we are building with a long-term vision; and we will continue to grow, innovate and evolve the IP for holders.”
VeeFriends will publish on the Burn Island website the eligibility requirements and instructions for receiving awards. Participants must be registered on the VeeFriends website, have a VeeFriends account, and complete the prerequisites in order to take part.
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