VeeFriends and Gary Vaynerchuk announce the release of “Burn Island”, an innovative and creative execution for the VeeFriends community.
Hold onto your hats, because the VeeFriends community is about to get even more exciting! On February 15, 2023, VeeFriends announced the release of “Burn Island,” a brand-new platform that allows VeeFriends NFT holders to burn their NFTs in exchange for access to events, physical or virtual rewards, and other rare or valuable NFTs. This innovative and creative execution was born out of the VeeFriends’ universe and is set to elevate the brand value and community interaction to new heights.
If you’re not already familiar with VeeFriends, it’s an NFT project that was created by serial entrepreneur Gary Vaynerchuk back in May 2021. The project was developed around characters, all of which Vaynerchuk imagined, created, and drew himself, with traits that he admires and believes will lead to happiness and success. Vaynerchuk’s vision is to scale his ideas through the characters and the attributes they represent. And with the addition of Burn Island, VeeFriends is taking this vision to a whole new level.
What is VeeFriends Burn Island?
So, what is Burn Island exactly? Burn Island is a destination and platform that allows VeeFriends NFT holders to burn their NFTs in exchange for other rare or valuable NFT collectibles, access to events, and physical or virtual rewards through deflationary technology. By burning their NFTs, VeeFriends holders will not only get the chance to engage in new experiences, but they’ll also be contributing to deflationary token mechanics, which will help to increase the rarity and value of the remaining NFTs in circulation.
Burn Island activates through eruptions, and each eruption will require certain NFT collections, rarities or a combination of both to be eligible to burn for the eruption prize. Eruptions will be sequential and will not overlap one another. All eruptions have a start and end date and burn token requirements. This creates an engaging game dynamic that brings all types of VeeFriends NFT holders to play, as Burn Island will be primarily for VeeFriends NFT holders.
And the best part? VeeFriends will ensure that Burn Island is executed progressively and innovatively to surprise and delight the community. Each eruption will offer different exchanges, including 1-to-1 swaps, many-for-1 swaps, and even lower-cost entry-point sweepstakes. This means that all VeeFriends NFT holders, regardless of their NFT’s rarity, will have the chance to participate and potentially walk away with some fantastic rewards.
Gary Vaynerchuk himself had this to say about the release of Burn Island:
“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.”
And with the way things are going, it’s easy to see why. VeeFriends has already made waves in the NFT world, and Burn Island is just another example of how the VeeFriends team is constantly innovating and pushing the boundaries of what’s possible.
Burn Island Special Features
- Burn-Swap: Burn-Swap allows for trading in NFTs for items offered during Burn Island eruptions.
- Sweepstakes: Sweepstakes offers a chance to win exciting prizes by burning an NFT as an entry.
- Eruption 1: The first Eruption starts on February 21st, 2023, and ends on March 2nd, 2023.
What are Eruptions?
Burn Island is a unique deflationary platform that offers users the opportunity to access its exclusive rewards through a series of sequential events known as ‘Eruptions’. Each Eruption will have different BURN eligibility requirements for the rewards. Burn Island Eruptions will not overlap, each event will have a predetermined start and end date. This approach ensures that each Eruption has its own unique characteristics and experience. Furthermore, to ensure Eruptions adhere to regulatory requirements detailed information on each Eruption will be provided before its commencement.
So, if you’re a VeeFriends NFT holder, get ready to burn some tokens and experience everything that Burn Island has to offer. And if you’re not yet a part of the VeeFriends community, what are you waiting for? Join in on the fun and see what all the excitement is about. With VeeFriends and Burn Island leading the way, the future of NFTs is looking brighter than ever.