NFT

What is NFT staking and how to earn income from NFTs?

Retrieved from: Cointelegraph, Christiaan Vos

CHRISTIAAN VOS

We all know about betting on cryptocurrencies, where you can get a return on your investment. Now you can also make money by pledging your Non-Fungible Token (NFT )! By pledging your non-fungible tokens (NFTs) on the NFT pledge platform, you can earn an additional return on your investment. Thanks to this development, NFT has become even more attractive.

The NFT pledge approach is compared to decentralized finance ( DeFi) income farming, where cryptocurrencies are lent or deployed to liquidity providers to earn a return through interest or transaction costs incurred by others. This way of earning interest is similar to the interest earned through banks, but in this case there is no intermediary. nft pledges belong to the decentralized finance world, while the bank form is centralized.

Leave a Comment

Your email address will not be published. Required fields are marked *