Thought this could be interesting for you:18 Aug 2022 19:13
(Note. From Solana, I am invested in this too)
Phantom, the Solana-themed wallet provider, has released a burning feature, thereby enabling users to discard spam NFTs that the scammers send.
As per a blog by Phantom, the latest feature can be availed through the Burn Token tab of the wallet application. Hence, users can get a minuscule deposit of SOL.
Phantom observed that the problem remains on Solana owing to the low transaction fees. Moreover, bad actors airdrop almost free NFTs that have malicious links within.
Generally, Spam NFT provokes the receiver to mint a free NFT by clicking a link. In another scenario, the link asks the receiver to enter the seed phrase, which leads to emptying the wallet.
As soon as the process ends, funds vanish from their wallet.
Once a domain and contact address are figured out as malicious, the metadata of an NFT is changed by the scammers, which prevents the users from blocklisting the scammers.
Phantom has adopted the move to counter not only spam NFTs but bad actors too. Another approach it uses against scammers is via the phishing warning system. The system warns the users regarding malicious transactions that can harm the assets and permissions if the suspicious links are clicked.