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What Is NFT Staking and How Does It Work?

Disclaimer: This article is for educational purposes only. Binance has no relationship to these projects, and there is no endorsement for these projects. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial […]

Instructor Gergő Várhegyi
Updated March 23, 2022

About Course

Disclaimer: This article is for educational purposes only. Binance has no relationship to these projects, and there is no endorsement for these projects. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.

NFT staking is a new way to earn passive income in the crypto world. It lets NFT holders lock their assets in DeFi platforms to receive rewards. All without the need to sell their NFT collections.

Similar to DeFi yield farming, NFT staking relies on a Proof of Stake (PoS) mechanism to reward participants. By locking up NFTs, users can receive rewards based on the annual percentage yield (APY) and the number of NFTs staked.

At the individual level, NFT staking can benefit investors, as the overall supply tends to be lower. But in a broader context, NFT staking brings new use cases to NFTs that go beyond the idea of collecting digital art.

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Course Content

What Is NFT Staking and How Does It Work?
NFT staking is a new way to earn passive income in the crypto world. It lets NFT holders lock their assets in DeFi platforms to receive rewards. All without the need to sell their NFT collections. Similar to DeFi yield farming, NFT staking relies on a Proof of Stake (PoS) mechanism to reward participants. By locking up NFTs, users can receive rewards based on the annual percentage yield (APY) and the number of NFTs staked. At the individual level, NFT staking can benefit investors, as the overall supply tends to be lower. But in a broader context, NFT staking brings new use cases to NFTs that go beyond the idea of collecting digital art.

  • Introduction
  • What is NFT staking and how does it work?
  • Where can I stake NFTs?
  • MOBOX (MBOX)
  • Zookeeper (ZOO)
  • NFT PowerStation on the Binance Fan Token Platform
  • Closing thoughts

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