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| NFT staking is not only a way to earn passive income but also an innovative use case for NFTs. It allows collectors to leverage their NFT holdings and benefit from the growing interest in the NFT market.
Using NFTs to Earn Yield in the Form of Reward Tokens
Are you looking for a new way to earn passive income? Consider using Non-Fungible Tokens (NFTs) to earn yield in the form of reward tokens. NFT staking has gained popularity as a utility to attract investors in various NFT projects.
NFT staking involves locking up your NFTs on a DeFi platform or staking platform and earning rewards in the form of platform tokens or other NFTs. Just like traditional crypto yield farming, where investors deposit their assets to earn rewards, NFT yield farming allows you to lend your NFTs and earn tokens in return.
By staking your NFTs in a pool, you can participate in the staking platform’s rewards program. This means you can earn rewards such as BNB (Binance Coin) or governance tokens that entitle owners to earn BUSD (Binance USD) cashflows from the platform’s utilities and transaction fees.
So, if you own NFTs and are interested in earning yield in the form of reward tokens, we will be exploring NFT staking opportunities on the DeFi platform…
