What is Burning?
For those a little less familiar with Blockchain, burning an NFT does not destroy or delete the NFT as the name implies; the NFT is simply transferred to an inaccessible, “black hole” wallet address.
Keep in mind that transferring it to the blackhole will also cost you gas.
Burning an NFT on the GameStop NFT Marketplace
Select Transfer from the NFT actions menu.
Transfer the NFT to a black-hole wallet which you know the address of.
0x000000000000000000000000000000000000dEaD is one example of a commonly used black hole or burn address where people send cryptocurrencies as well as NFTs.
Your NFT will be removed from your Owned Tab, but it still exists on the blockchain.