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Burn to Mint Drops
Burn-to-mint NFTs are special NFTs that you can destroy to produce a new one. This mechanism is often used to help minimize gas fees for buyers or to reward holders of other NFT collections.
Burn to mint is a special type of drop where users burn an NFT from their wallet inorder to obtain a new NFT. This structure is often used to reduce the impact of gas fees or to reward existing token holders.
Using this strategy, a creator can sell initial NFTs on a L2 chain like Polygon or Solana, but then allow users to claim their Ethereum based NFTs at a future date by burning the initial NFT.