The NFT market has exploded, offering a new world of digital ownership and potential value. But what if you could not only hold onto your prized NFTs but also use them to generate passive income? NFT staking is here to make that a reality.
Similar to staking cryptocurrency, NFT staking allows you to lock up your NFTs in a secure platform and earn rewards. These rewards can come in various forms, from additional crypto tokens to exclusive in-game items or even access to future NFT drops.
With the NFT landscape constantly evolving, choosing the right platform for staking your valuable assets is crucial. This article will guide you through the top NFT staking platforms of 2024, highlighting their features, potential returns, and security measures. So, dive in and discover how to unlock the full earning potential of your NFT collection!
1. NFTCOLO
NFTcolo stands as one of the premier NFT investment markets globally. As the world’s leading cryptocurrency investment platform, NFTcolo leverages cutting-edge quantum technology and exceptional investment capabilities to deliver simple, secure, and swift cryptocurrency investment services to a global clientele.
With NFTcolo, you don’t need professional knowledge or specialized equipment to capitalize on the lucrative opportunities within the NFT sector. Start making money effortlessly by exploring the diverse investment options available.
Visit the official website: nftcolo.com
2. Binance NFT
Binance is currently the most widely used cryptocurrency exchange platform, with over 180 million users. They also offer NFT trading on their platform. Binance offers staking for some of the most popular NFTs, such as Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs, to earn ApeCoin (APE).
The upcoming stackable NFT in the Binance stake system is the Bored Ape Kennel Club (BAKC). Binance also offers staking for Sandbox NFTs to earn daily $SAND rewards. Binance is a reliable staking platform, arguably the best NFT staking platform in the Web3 world.
3. NFTX
The NFTX platform offers Buy, Sell, Swap, and Stake functionalities. You will need to connect your digital wallet to get started. NFTX provides a 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. Liquidity Staking requires ETH and also includes 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 detailed instructions on how to stake and earn more rewards on their platform.
4. BAND NFTs
BAND NFTs is a promising music NFT platform on the Ethereum blockchain. It offers governance tokens to music NFT stakers. BAND is an ecosystem for collaboration between fans and musicians.
BAND does not offer a fixed amount of rewards for stakers. However, 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.
Stake at least one BAND NFT and get 50% royalties revenue in governance tokens. The staking period for a BAND NFT ranges from 90 days to 5 years. The longer you stake, the higher the chance of receiving governance tokens.
Currently, there are few music NFTs available on the platform. This music NFT staking idea is great, but the platform is not yet well-established. If BAND can continue to grow its music collection with popular songs, royalty earnings will also increase.
5. Doge Capital
Doge Capital has a collection of 5000-pixel art NFTs. It uses the Solana Blockchain to share NFTs. Doge Capital will soon launch its own NFT marketplace. Currently, you can find its NFT collection on any Solana 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 extra $DAWG. You can stake up to 100 Doge NFTs per wallet. Your $DAWG will be automatically withdrawn if you unstake your NFTs.
6. WhenStaking
WhenStaking is an NFT staking platform by Onessus. You will need a WAX Cloud Wallet or Anchor Wallet to log in to this staking platform.
Onessus develops play-to-earn games. WhenStaking allows staking 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. It will be interesting to see how long Onessus continues the staking project.
7. Axie Infinity
Axie Infinity, the most popular game on Web3 for earning money, has 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 for staking. Over 500 million AXS have 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.
8. Splinterlands
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 NFT staking platforms are gaming platforms. These platforms let users stake NFTs for native tokens. Some other gaming platforms with NFT staking features are:
- MOBOX
- The Sandbox
- Aavegotchi
- LooksRare
Conclusion
NFT staking platforms have recently emerged within the NFT ecosystem, offering attractive rewards to users who stake their NFTs. Despite the enticing benefits, reliability and credibility remain significant concerns for NFT holders. Building trust among users is crucial for these platforms to tap into this potentially lucrative market.
As demand for NFT staking platforms continues to surge, even the most popular platforms struggle to keep pace. By staying ahead of trends and continuously updating their services, NFT staking platforms can ensure a seamless experience for the next generation of users.
Passive income from NFT staking is poised to become the new norm. You too can start staking your NFTs and join this transformative movement. Even without any cryptocurrency expertise, you can earn substantial income through a professional cryptocurrency investment platform.
So, dive in and discover how to unlock the full earning potential of your NFT collection!
