Staking NFTs can be your passive income source. Most NFT staking platforms reward the NFT holders daily, weekly, or monthly. The reward is not the same for all platforms. It depends on the total NFT project revenue, the staked NFT, and market conditions.
Here are the top NFT Staking Platforms to earn some passive income：
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Binance is currently the most widely used cryptocurrency exchange platform. More than 18 crore people use Binance. They also offer NFT trading on their platform. Binance offers staking for some of the most popular NFTs. Currently, they are offering Ape staking for Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs to earn ApeCoin (APE).
The upcoming stackable NFT of the Binance stake system is the Bored Ape Kennel Club (BAKC). Binance also offers the Sandbox NFTs staking to earn daily $SAND rewards! Binance is a reliable staking platform, probably the best NFT staking platform you can find on Web3 world.
The NFTX platform offers Buy, Sell, Swap, and Stake. You will need to connect your digital wallet to get started. NFTX has a very nice user-friendly dashboard for staking.
Users can stake for inventory or liquidity on NFTX. The yield Percentage for Inventory Staking is 20%, and for Liquidity Staking, it is 80%. Inventory staking does not require ETH, and there is an Auto Compounding feature. On the other hand, Liquidity Staking requires ETH, and there is an Auto Compounding feature.
There are 48 hours of double-sided and 7 days of single-sided staking available for users on the NFTX platform. They provide good instructions on how to stake and earn more rewards on their platform.
BAND NFTs is a promising music NFT platform on the Ethereum blockchain. It offers governance tokens to the music NFT stakers. BAND is an ecosystem for collaboration between Fans and Musicians.
BAND does not offer a fixed amount of rewards for stakers. But, as a staker, you will get access to music royalty pools. There are three types of BAND Royalty pools: Print Music, Public performance, and Synchronization.
Staked at least one BAND NFT and get 50% royalties revenue in governance tokens. The staking period for a BAND NFT is 90 days to 5 years. If you keep a stake for a longer period, the chance of getting governance tokens will increase.
Currently, there are few music NFTs available on the platform. This music NFT staking idea is great but the NFT platform is not well established yet. If BAND can continue to grow its music collection with popular songs, royalty earnings will also increase.
Doge Capital has a collection of 5000-pixel art NFTs. It uses Solana Blockchain to share NFTs. Doge Capital will soon launch its own NFT marketplace. Now, you can find its NFT collection on any Solona Marketplace.
Doge Capital offers NFT staking on its platform. You can easily start staking by adding your Web3 wallet to the platform. The staking will add your Doge to a noncustodial contract, and you will receive rewards daily.
For every Doge, you will Earn 5 $DAWG per day. There are also bonus levels to earn an extra $DAWG. You can stake up to 100 Doge NFTs per wallet. Your $DAWG will be automatically withdrawn if you unstake your NFTs.
WhenStaking is an NFT staking platform by Onessus. You will need WAX Cloud Wallet or Anchor Wallet to log in to this staking platform.
Onessus develops play-to-earn games. WhenStaking allows to staked the NFTs from the games. It offers a native token – $VOID. Based on the collection, rarity, and average price, a base APR and staking capacity will be determined for your NFT. You can use the wrapped version of the NFT in the game.
This staking platform is one of the early-developed staking platforms. Now, let’s see how long Onessus continues the staking project.
The most popular game on Web3 for earning money is Axie Infinity. It has also introduced staking services for its governance token – $AXS. You need to connect to Ronin Wallet to use the service.
Axie Infinity is a perfect platform to stake. Over 500 million AXS has been staked on this platform. Currently, the annual percentage rate (APR) of Axie Infinity is 35%. If you love gaming, you can take the chance to play Axie Infinity and stake it here.
Splinterlands is a blockchain-based collectible card game. The native token of this platform is Splintershards (SPS). To earn rewards, you have to keep the SPS tokens on the gaming platform. It offers special rewards as well as governance voting rights for staking SPS.
Most of the NFT staking platforms are gaming platforms. These platforms let the user stake NFTs in the mean of native tokens. Some other gaming platforms with NFT staking feature are –
NFT staking platforms are relatively new in the NFT ecosystem. These platforms usually offer generous rewards to users who stake on their platforms. However, reliability and credibility remain big issues for NFT holders. If NFT staking platforms can ensure trust in the minds of their customers, then this could be a lucrative market. The demand for NFT staking platforms is increasing every day. Popular NFT staking platforms are struggling to cope with this growing demand. If NFT staking platforms can keep up with the trend and update themselves, then the next generation can stake NFTs smoothly. Passive income from NFT staking will become the new normal. You can also start staking your NFTs and join this revolution. If you don’t have any cryptocurrency expertise, you can easily make a lot of money through a professional cryptocurrency investment platform.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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