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NFT staking is a new way to generate passive income in the world of cryptocurrencies. It allows NFT holders to lock their assets to receive rewards. All this without the need to sell your NFT collections, it is based on a Proof of Stake (PoS) mechanism to reward participants.
As the NFT market grows, developers and collectors are exploring new ways to put their non-fungible tokens to use. One of the latest use cases of NFTs is to use them as utility tokens on staking platforms. This opens up a new opportunity for collectors to monetize their NFT collections.
When you stake NFTs, you are locking in your non-fungible tokens into a decentralized platform. In return, you will receive rewards and other perks. Put otherwise, you can generate a passive income from your NFTs without needing to sell your tokens.
Multiple NFT collections are using STAKING like
@GooniezNFT
Similar to CyberKongz, in Gooniez if you are a holder you can earn $CHAOS per day and exchange it for merch, other NFTs, Whitelist spots, rewards and more. This way, the more you keep your Goon in your wallet, the more $CHAOS you get.
@TastiesNFT
Keep your Tasties staked in the factory to earn a passive amount of at least 10 $treat per day by being staked. The more tasties you have staked the more you will earn.
@CyberKongz
The project expanded its scope to include the $BANANA token. Holders can earn 10 $BANANA a day. It can either be held and accumulated or burnt and used to rename your NFT, give it a bio, add characteristics, or even breed from it.
@nudiecommunity
Same case happens here but with the $CASHNIP, with this token you can exchange it for items to customize your NFT and you can also choose wich one of your NFTs you want to stake.
@moonbirds
They call it “nesting” to the additional rewards that increase in scale the longer holders keep their Moonbirds. While Moonbirds are within their nesting period, they can’t be sold on secondary marketplaces.
Have you done it before?
