Is it possible to convert burned NFTs on OpenSea into Bitcoin or other cryptocurrencies?

3 answers

• Jan 12, 2022 · 3 years ago
  Unfortunately, once an NFT is burned on OpenSea, it cannot be recovered or converted into Bitcoin or other cryptocurrencies. Burning an NFT essentially means destroying it permanently, and it cannot be undone. Therefore, it's important to carefully consider the decision to burn an NFT, as it means giving up any potential value or ownership associated with it.
  361181
• Jan 12, 2022 · 3 years ago
  Nope, once you burn an NFT on OpenSea, it's gone for good. Burning an NFT is a irreversible action that removes it from circulation and destroys its value. So, if you're looking to convert your burned NFTs into Bitcoin or other cryptocurrencies, I'm afraid you're out of luck.
  27692
• Jan 12, 2022 · 3 years ago
  As an expert from BYDFi, I can confirm that once an NFT is burned on OpenSea, it cannot be converted into Bitcoin or any other cryptocurrencies. Burning an NFT is a permanent action that eliminates its existence and any associated value. If you're interested in converting NFTs into cryptocurrencies, it's best to explore other options or consider keeping them in your collection.
  38095