Nfts
Top Platforms to Watch in 2024
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 precious NFTs, but also use them to generate passive income? NFT staking is here to make that a reality.
Similar to cryptocurrency staking, NFT staking allows you to lock your NFTs on a secure platform and earn rewards. These rewards can come in a variety of 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 to stake your precious assets is essential. This article will guide you through the best NFT staking platforms of 2024, highlighting their features, potential returns, and security measures. So, dive in and discover how to fully leverage the earning potential of your NFT collection!
1. NFTCOLO
NFTcolo positions itself as one of the world’s leading NFT investment marketplaces. As the world’s first cryptocurrency investment platform, NFTcolo leverages cutting-edge quantum technology and exceptional investment capabilities to provide simple, secure, and fast cryptocurrency investment services to a global client base.
With NFTcolo, you don’t need any professional knowledge or specialized equipment to capitalize on the lucrative opportunities in the NFT sector. Start earning effortlessly by exploring the various investment options available.
Visit the official website: nftcolo.com
2. Binance NFT
Binance is currently the most widely used cryptocurrency exchange with over 180 million users. It also offers NFT trading on its platform. Binance offers staking of some of the most popular NFTs, such as the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs, to earn ApeCoin (APE).
The next stackable NFT in Binance’s staking system is the Bored Ape Kennel Club (BAKC). Binance also offers staking of 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 buying, selling, trading, and staking features. You will need to connect your digital wallet to get started. NFTX provides a user-friendly dashboard for staking.
Users can stake 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.
NFTX platform users have access to 48 hours of two-sided staking and 7 days of one-sided staking. They provide detailed instructions on how to stake and earn more rewards on their platform.
4. NFT BAND
BAND NFTs is an up-and-coming music NFT platform on the Ethereum blockchain. It offers governance tokens to music NFT stakers. BAND is a collaborative ecosystem between fans and musicians.
BAND does not offer a set amount of rewards to stakers. However, as a staker, you will have access to music royalty pools. There are three types of BAND royalty pools: Printed Music, Public Performance, and Sync.
Stake at least one BAND NFT and get 50% of the royalty revenue in governance tokens. The staking period for a BAND NFT ranges from 90 days to 5 years. The longer you stake, the more chances you have to receive governance tokens.
Currently, there are few music NFTs available on the platform. This idea of staking music NFTs is great, but the platform is not well established yet. If BAND can continue to expand its music collection with popular songs, royalty income will also increase.
5. Doge Capital
Doge Capital has a collection of 5,000 pixel art NFTs. It uses the Solana blockchain to share the 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. Staking will add your Doge to a non-custodial contract and you will receive daily rewards.
For every Doge, you will earn 5 $DAWG per day. There are also bonus tiers to earn additional $DAWG. You can stake up to 100 Doge NFTs per wallet. Your $DAWG will be automatically withdrawn if you withdraw your NFTs.
6. When staking
WhenStaking is an NFT staking platform by Onessus. You will need a WAX Cloud wallet or Anchor wallet to connect to this staking platform.
Onessus develops “play to earn” games. WhenStaking allows you to stake NFTs from games. It offers a native token – $VOID. Depending 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 first staking platforms developed. It will be interesting to see how long Onessus will continue the staking project.
7. Axie Infinity
Axie Infinity, the most popular money-making game on Web3, 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. More than 500 million AXS have been staked on this platform. Currently, the Annual Percentage Rate (APR) of Axie Infinity is 35%. If you are a game lover, you can grab the opportunity to play Axie Infinity and stake it here.
8. The shattered lands
Splinterlands is a blockchain-based collectible card game. The native token of this platform is Splintershards (SPS). To earn rewards, you need to hold 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 allow users to stake NFTs for native tokens. Here are some other gaming platforms with NFT staking features:
- 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 essential for these platforms to tap into this potentially lucrative market.
As the demand for NFT staking platforms continues to rise, even the most popular platforms are struggling to keep up. By staying ahead of trends and continually updating their services, NFT staking platforms can ensure a seamless experience for the next generation of users.
Passive income from NFT staking is about 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 with a professional cryptocurrency investment platform.
So, dive in and find out how to unlock the full earning potential of your NFT collection!