NFTs burn and conversion to $LOOKS#156

Most NFTers hoard a lot of junk that can only be dumped to a hidden folder

What if LoosRare introduced a new feature allowing its users to burn/convert NFTs to receive $LOOKS tokens in exchange ? (Similar to small balances conversion to BNB on Binance)

The $LOOKS rewards would be FP based (proportionally).

Fake collections created solely for this purpose would have to be filtered out using metrics like volume, % of unique holders… Or this feature could apply to verified collections only.

The induced supply reduction may then also become a goal in itself. Holders would burn NFTs in an attempt to revive/prolong collections (especially those faded too quickly, off trend or outshone by blue chips at the time).