Solana-based crypto wallet will allow burning NFTs to protect users from scammers

Phantom, a Solana-based crypto wallet announced that it will allow users to start burning non-fungible-tokens (NFTs) to protect Solana users from crypto scammers. This comes weeks after the Solana blockchain was the victim of the latest crypto theft with thousands of users reporting their funds being drained without their knowledge.

“Spam is a hard problem to solve. Bad actors are taking advantage of Solana’s low transaction fees to exploit iconic mechanics of web3, such as NFT airdrops,” Phantom wrote in a blog post. NFT airdrop often claims to give users a free gift NFT for which they have to click on a malicious link.