According to Foresight News, OpenSea will publish two Ethereum comment requests (ERC-7496 and ERC-7498) and two Seaport Improvement Proposals (SIP-14 and SIP-15) to promote the development of the redeemable ecosystem. Redeemable NFTs allow redemption to receive another on-chain or off-chain item.
OpenSea has released a public proof of concept to illustrate the experience, allowing you to mint a Baby Burn egg on the OpenSea Drop page, then go to the redemption page to destroy the egg and exchange the egg for a Burnie. Later, OpenSea will roll out on-chain redeemable support to all creators directly on OpenSea, and will also expand the on-chain redemption standard, making it easier for creators to link items in their collections with off-chain redemption experiences outside of OpenSea, while still tracking the redemption status on the chain through features or destruction.
