What really is NFT staking?
Posted: 31 Mar 2023, 13:41
NFT staking is the act of storing NFTs on a platform or protocol in order to gain rewards and other benefits. This allows NFT holders to put idle assets to work instead of selling them. Staking an NFT is similar to staking cryptocurrencies in that all you need is a web3 wallet. However, not all NFTs in the NFT marketplace can be staked.