Burnt Finance announce Partnership with Bonfida
Burnt Finance is excited to announce a partnership with Bonfida to help any Solana user to ‘verify’ their Twitter handles permissionless.
‘Verification’ doesn’t decide whether someone is real, it just validates that people are who they say they are. This allows potential buyers to conduct due diligence on promising NFT projects more easily.
Current ‘verification’ solutions aim to protect users from scams but end up requiring creators to doxx themselves. This often makes matters worse by creating a false sense of security that could lead to even more severe rugs and scams.
Burnt Finance fixes the current ‘verification’ issue for NFT marketplaces by enforcing responsibility. By having every aspect of the NFT creation process on-chain, they are able to help users DYOR easily. Burnt Finance also be rolling out educational content to guide new users.
The Twitter handle of BurntBanksy is linked to his public key. In the screenshots, there are 3 collections for Burnt Banksy. Users are able to quickly verify which one is actually created by the real Burnt Banksy by checking the associated Twitter handle.
Similarly, when viewing an NFT, a buyer can easily verify that the real Burnt Banksy was the one who minted and is auctioning off his interpretation of Kanye Wests infamous, “Ask Me Later” note. Additionally, we can see that Kanyewest did not create this NFT.
Creators can link their public keys to their Twitter handles via the Bonfida naming service to prove that they are who they say they are. Burnt Finance is excited to offer this to provide an extra layer of security for creators and buyers.
True decentralization is core to Burnt Finance. Using Burnt means accepting full decentralization and full responsibility for one’s own actions and decisions. Decentralized verification gets us one step closer to a fully transparent future.
About Burnt Finance
Burnt Finance is the first fully decentralized NFT auction protocol on Solana. Burnt allows users to take auctions into their own hands, enabling the minting and trading of any NFT in an entirely permissionless ecosystem. The platform can support auctions for NFTs, digital assets, and much more. Given its unique Solana-based architecture, Burnt is able to achieve the fastest transaction speeds with negligible fees.
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About Bonfida
Bonfida is an all-in-one platform for data-driven crypto traders built on top of Solana and Serum.
Bonfida is a full product suite that bridges the gap between Serum, Solana and the user. It aims to be a single source of data truth in the cryptocurrency industry focusing on exchange statistics, crypto company reviewing and scoring, and researching crypto trends, among other things.
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