What is NFT staking?

NFT staking lets holders generate passive income by locking their assets in a DeFi platform. Staking allows you to generate passive income from your NFTs while maintaining ownership. The rewards are typically in the form of a native token associated with the blockchain platform on which the NFTs are traded.

What is nftx & how does it work?

NFTX is a liquidity platform that enables NFT investors to purchase, sell, stake, and swap NFTs under one roof. Its primary appeal is a blend of traditional NFT staking that exposes you to blue chip NFTs, such as CryptoPunks and Cool Cats, through fractional ownership. In other words, you can become an NFT investor without actually holding an NFT.

What do you need to know about NFTS?

Here’s what you need to know about NFTs. What is an NFT? NFT stands for non-fungible token. They're are a type of crypto asset, meaning they are digital assets rather than physical. Also, while they can hold monetary value like any other asset, they are not considered a cryptocurrency. Non-fungible refers to the fact that each NFT is unique.

What rewards can NFT Holder get for staking a collection?

The type of reward NFT holders can get for staking their collection depends on the platform used and the type of NFT staked. The majority of platforms that allow users to stake NFTs offer daily or weekly rewards.