NFT Migration Strategies in a Nutshell

  1. Deploy a new contract which allows token holders to burn [destroy] the original NFT. This mints them a new proxy NFT which has the same tokenURI metadata but which is part of this new contract. No going back.
  2. Deploy a new contract which allows token holders to lock [in escrow] the original NFT inside of the contract. This mints them a new proxy NFT which has the same tokenURI metadata and this new proxy NFT can be burned at any time to release, from escrow, its corresponding original NFT.

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