It's basically cheating (or, more precisely: a color pie break) that lets red decks get rid of problematic cards like enchantments and guarantees that its target gets out of sight and out of mind, but runs the risk of replacing it with something even worse
Common and Uncommon have flat colourings
Instead, Izzet Dragons races with Goldspan Dragon and Smoldering Egg and exploits tribal synergies with Dragon's Fire
But its even better than even that, it also stays a noncreature, and while artifacts are more removeable than enchantments, that means you get the best ability of any creature on the board, permanently, that dodges board wipes
Heres an exclusive first look at four new cards from Disney Lorcanas Into the Inklands set Two of the 101 Dalmatians, a wish-granting Genie and a song card that will Go the Distance