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    QONEQT in NFT Updates

    15-Sep-2022 12:42 PM


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    How does NFT staking work?

    The indivisible nature of NFTs is the biggest shortcoming of this asset class for some investors.
    NFT staking and proof-of-stake When you stake NFTs or other crypto assets, you support the network’s operations by agreeing not to withdraw them for a period during which the blockchain puts them to work.
    Another essential metric, total value locked (TVL), refers to the total amount of assets deposited by the liquidity providers in the protocols.
    NFT staking platforms You can’t stake every NFT you hold, so examining the platforms to learn about the NFTs that can be staked is a good idea.
    Users can also create new vaults for their own NFT collections.
    Splinterlands NFT cards collected during the gameplay can be staked in liquidity pools.
    Source: NFTnewsToday.com
    #NFT