NFT owners; make money while sunbathing!
People in the online monetization space want to find the best passive income source.
For example, dropshipping, which was once very popular, was a pretty good method for online passive income a few years ago. But in the following years, this method was found to be useless for different reasons and lost its old hype. After the troubles in dropshipping, online money makers started looking for easier and more convenient methods.
NFTs are more than just digital artworks that people trade on the internet. With the widespread use of NFTs, investors have discovered that it is a useful and future-proof way to make money online. Since the first NFT was minted and sold at the New Museum in New York City in May 2014, more and more utility has been added to blockchain tokens. With these developments, the concept of staking emerged, where NFT holders can easily earn money with passive income.
Today, NFT staking is a viable tool to earn real rewards.
So Really What is Staking?
In short, staking is when holders of NFTs lock their tokens or tokens on DeFi platforms to earn rewards.
DeFi (Decentralized Finance) is a way to provide financial services to users through smart contracts. By locking NFTs on platforms, both assets are protected and profits are made. NFT farming is also an emerging concept that involves staking non-fungible tokens for a reward. NFT farming is a combination of NFT technology and decentralized finance (DeFi).Briefly, we can imagine NFT farming as similar to real farming, but instead using NFTs on staked platforms as a reward or stake token.
Let’s think, maybe you bought an NFT that you love because of your interest in art or maybe because you want to use it in games. Isn’t it so cool to monetize your digital asset while still maintaining full ownership?
We have mentioned in our previous articles that when you have an NFT, you are also a part of a community and this is the future of Web3. In Web3 you basically go inside. You are here to confirm by community and then you go to staking. So, do you have doubts about how to stake? You can learn this by engaging with the community of the NFT you have, or you can easily take advantage of the staking guides available on discord.
Doesn’t it seem like the easiest way to earn passive income?
Best NFT Staking Projects of the Year
For those who are already aware with cryptocurrency, staking is not really a new concept.
To put it simply, the procedure frequently refers to putting NFTs into a DeFi platform in order to get rewards. Investors only need a bitcoin wallet with NFTs to get going.
Additionally, more NFT projects have their own in-built DeFi tools — which makes the process even more seamless. The problematic aspect, though, is that not all NFTs can be utilized for staking. On the other hand, this feature is only supported by a small number of NFT projects.
Some of the most well-liked NFT staking initiatives are listed here.
1. Lucky Block
Lucky Block, which debuted in 2022, is one of the most well-liked cryptocurrency projects of the year. Every time a tournament is held on this platform, Lucky Block NFT holders have the opportunity to win rewards. Additionally, investors might benefit just by taking part.
2. Quint
One of the most intriguing NFT initiatives to debut in recent years is Quint. A super staking pool, the Quint shop, and an NFT marketplace are a few of the significant components of this ecosystem. The thing that distinguishes this project from the others is the super staking pool.
3. NO Surrender Heroes
Are you interested in strategy about deck building? NO Surrender Heroes is a play-to-earn card game which allows the gamers both mobile and browser access. No Surrender Heroes metaverse is based on Polygon. Players can collect, battle, earn, stake or trade in No Surrender Heroes for the ecosystem sustainability.
4. Mobox
A play-to-earn gaming platform called Mobox combines yield farming with NFTs. The MOMOverse metaverse for Mobox is based on the Binance Smart Chain. MOMOs, which are the Mobox NFTs that make up this ecosystem, can be mined, earned, or traded by players.
5. Mutant Cats
Perhaps the first cryptocurrency initiative to buy and fractionalize other top-tier NFTs is Mutant Cats. The project has built up a safe vault that is filled with NFTs from some of the most well-known projects ever. The Mutant DAO vault contains some of the most well-known NFTs, including Tyler Hobbs, Bored Ape Yacht Club, and CryptoPunks.
The future of NFT staking
In the coming years, NFT projects using the staking model will take these models to higher levels and will be the next trend in earning passive income. As a result of the improvements of the projects in this area, NFT staking will be sustainable and the awards will be taken to the next level.
So, in the Blockchain world, does the online monetization space consist only of staking?
If your answer is yes, I recommend you to look forward to NO Surrender Heroes.
