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05/06/2022
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WHAT IS NFT STAKING
NFT staking
can be
defined as the locking of
non-fungible tokens by a holder on a platform or
protocol in exchange for staking rewards and other
benefits. Staking NFTs allows holders to earn passive
income from their collection or asset while maintaining
ownership of that asset or property. Staking involves
"locking" tokens in a digital wallet to support the
operations and security of a blockchain network in
exchange for rewards.
GameFi is a fusion of the words
"game" (Game)and "Finance"
(Finance). This refers to play - to - earn
Blockchain games that offer
financial incentives to players.
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