Five Best NFT Staking Projects to Explore This Weekend
Developers and creators are constantly looking for new uses for non-fungible tokens as the NFT market grows. To generate passive income, one of the most popular NFT applications is to stake these tokens. NFT staking refers to the process of securing NFTs via a protocol or platform in order to receive rewards and other benefits. This allows owners of NFTs the ability to use their assets without selling them. All users need to have a Web3 wallet in order to stake an NFT; the process is identical as for cryptocurrency.
RobotEra
Mobox
Mutant Cats
Wolf Game
Axie Infinity
1. RobotEra
RobotEra, a new metaverse cryptocurrency gaming platform, uses blockchain technology to offer a variety of DeFi (decentralized financing) protocols. Users can also stake tokens to earn passive income. There are many ways players can profit from the game using TARO, an in-game cryptocurrency.
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2. Mobox
Mobox is a play to earn gaming platform that combines NFTs and yield farming. The foundation of the Mobox metaverse is the Binance Smart Chain. Mobox NFTs are used in this ecosystem. Players can earn, trade, and mine MOMOs. Each MOMO NFT is unique and has a random hash power.
3. Mutant Cats
LogoMutant Cats was the first cryptocurrency project to buy and fractionalize top-tier NFTs. The project has kept NFTs from some of most famous projects in a safe vault. The Mutant DAO vault contains CryptoPunks and Bored Ape Yacht Club as well as Tyler Hobbs and other well-known NFTs.
4. Wolf Game
NFT staking is an integral part of a metaverse project called Wolf Game. NFTs can be purchased as sheep or wolves in this universe. Players will need to stake their sheep NFTs to protect them from the wolves. As compensation for staking Sheep Non-Fool TFTs, players will also be given WOOL tokens.
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5. Axie Infinity
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Axie Infinity is often referred to as one of the most popular NFT games. It is a game where players use NFTs to compete against each other. These NFTs are called Axies and each one has its own advantages and disadvantages.
Also read: Alien Worlds Game: Can Alien Worlds be played on a mobile device?
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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.
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