NFT staking refers to locking up non-fungible tokens on a platform or protocol in exchange for staking rewards and other benefits. Staking NFTs on a platform in exchange for staking rewards and other benefits is known as NFT staking. As the name suggests, NFT staking refers to the locking up of NFTs on a platform or protocol to receive staking rewards. Simply put, it is where you keep an NFT digital asset on a blockchain and hope that its value builds up interest over time.
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