The prevalence of non-fungible tokens (NFTs) and metavars is increasing worldwide, including in India, at a rate even faster than the prevalence of cryptocurrency. Experts have expressed the expectation that NFT will be more popular in the near future in the age of Web 2. Although the NFT is still volatile, there is still much to learn.
If you have NFT in your wallet, you can make side income from it. NFT ‘stacking’ can be monetized in the cryptocurrency world. NFT stacking (acquisition of stakes) allows you to buy, sell or collect whatever NFT you own, in addition to earning new money.
NFT is a tokenized asset. This means you can transfer it to a platform in which it is secure. For the stack in NFT you have to lock it which you can do with SmartContract or Blockchain protocol. NFT stacking can be earned without investment risk.
NFT stacking is still in its infancy compared to defy stacking. However, the operating system is similar in both cases. If you lock NFT in the platform you get revenue in proportion to NFT. Also, income is calculated based on how long you keep the stack. Also, if you keep it for a long period, the amount receivable is determined according to the annual yield.
Since NFT is special, investors prefer to retain it rather than sell it. Because of this stacking NFT is a new opportunity for investors to cash in on their assets. Demand for stakeholder NFTs will also increase.
When it comes to taking a stake in NFT, this is the same as taking a stake in a cryptocurrency like Bitcoin. You should have a crypto wallet so that you can maintain NFT. However, investors should be careful before choosing an NFT as having a stake in each NFT does not necessarily give you income. Which project you are involved in is very important. As a result investors double check the project before acquiring NFT.
What will be the stake in NFT?
NFT is non-fungible which means it is not possible for most defy platforms to have a stake in it. So there are many projects that have used their time behind creating protocols so that investors can buy a stake in NFT. Currently NFT stacking is an option in most plate to earn games. Investors should therefore choose the following platforms.
Mobox
Mobox is a plate-to-earn game. It has its own metavers momovers. There are many options in this NFT. You can earn or buy from the marketplace as well as mint. Most importantly, having a stake in it will give you side income.
Zucker (Zoo)
Wenchain Depp-based Zucker is the latest project. This includes the dual farming method to increase the popularity of NFT. It integrates with other Wenchain Depp-Wanswap, thus increasing its own liquidity. Zukiper has its own token - Dollarzu. Wenswap Liquidity Providers receive these dollars as a reward for farming. It is up to the provider to decide whether or not to hold a stake in DollarZoo.
Wenstecking.com
Winstacking is an NFT stacking platform. Users can participate in various NFTs in this platform. However, Winstacking only supports NFTs that belong to the Onyx blockchain games. Voice tokens can be purchased on this platform. One thing investors should keep in mind is that this platform has a minimum limit for holding a stake in NFT, currently the minimum stacking is 30,000 void tokens.
NFT Power Station in the Binance Fan Token Platform
Launched Binance NFT Charging Services, considered the best cryptocurrency exchange in the world. Token holders can acquire a stake in NFT on the Bainance Fan Token Platform to earn additional Bainance Fan Tokens.
Binance Fan Tokens are usually utility tokens, validated by a club, brand or team. Binary tokens can be mostly from sports clubs, celebrities. The value of these tokens is not the same as cryptocurrency like Bitcoin but its value is determined by the fans who have the tokens. The higher the token, the higher the price.
Cargo Gems
The Cargo NFT Minting Platform and its marketplace follow the Cargo Gems project. Cargo Gems is a utility token whose main purpose is to make the process of NFT stacking easier and faster on the platform.
Aether in R-Planet
R-Planet is a play-to-earn game in which investors can earn native token ether by stacking NFT.
The best NFT wallets
- Metamask
- Balance chain wallet
- Math Wallet
- Pillar
- Engine
- Coinbase Wallet
- Urgent
- Trust Wallet
The best apps for creating NFT
- Goart
- Sketcher
- NFT Creator
- Pixelchain
- Supermi
- 8bit painter
- Token.art
