NFT Staking is the process of locking up/staking/holding the non-fungible tokens(NFT) in a certain platform as giving priority to any type of business sector and its main focus is to provide tokens or coins and earn such rewards to the users or participants. Likewise, on the factors like Annual Percentage Yield(APY), Time duration, and the count of NFTs, the participant and users can get rewards or extra tokens which act as a passive income for investors and entrepreneurs.
NFT Staking platform development:
NFT staking platform development is the same as the DeFi staking, it also employs the same yield farming concept utilized across most DeFi lending protocols.
Specifying the particular NFT platform
Designing the NFT staking platform
Programming the NFT staking
Developing the NFT Staking platform
Testing the entire NFT staking platform
Finalizing the NFT staking platform
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