What is NFT staking and how to earn income from NFTs?
Cointelegraph
Published May 25, 2022 08:44AM ET
Updated May 25, 2022 10:20AM ET
We all know about staking cryptocurrencies, whereby you make a return on your investment. Nowadays, you can also make money by staking your nonfungible tokens (NFTs)! By staking your nonfungible tokens (NFTs) on NFT staking platforms, you can make additional returns on your investment. NFTs have become even more attractive due to this development.
More and more people are looking for new ways to make money without having to work for it. Passive income used to be something wealthy people could get through the bank because the interest rates on savings accounts were quite high. Nowadays, you hardly receive any interest on your money in the bank; in some cases, you even have to pay for your savings! Due to the relatively high rewards for staking cryptocurrencies and NFTs, a new-age alternative has been found.
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Written By: Cointelegraph
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