Top 5 NFT Staking Platforms across blockchains

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2 years ago
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1. Only1

THE WHAT?

  • The first social platform for web 3.0 developed on Solana is called Only1

  • To ensure that producers and viewers are appropriately compensated, the platform provides an on-chain creator economy through the NFT marketplace and creator staking pools

2. Splinterlands

THE WHAT?

  • Splinterlands is a cryptocurrency-based collectible trading card game

  • It’s similar to Magic the Gathering and Hearthstone in that you gather cards and battle with them

  • In matches and tournaments, you can compete against other players

  • Each card has its own set of attributes and powers

  • Users can wager with their SPS tokens on participants in liquidity pools, ranking battles, and the DAO governance voting pool

3. NFTX

THE WHAT?

  • NFTX is a platform for developing thriving marketplaces for unprofitable tokens (NFTs)

  • A fungible ERC20 token (vToken), which stands for a claim on a randomly selected asset from the vault, is created when users deposit their NFT into an NFTX vault

  • A specific NFT can also be redeemed from a vault using vTokens

  • Some of the advantages are
    -To obtain yield benefits, LP must stake newly created vTokens
    -For NFT projects, improved distribution and price discovery

4. Doge Capital

THE WHAT?

  • A group of 5000-pixel art NFTs known as Doge Capital was created on the Solana Blockchain

  • You can buy them in any Solana market

  • Similar to Doge Capital, NFT investors receive daily DAWG tokens under its staking program

  • Here, DAWG, the native utility token of Doge Capital, is offered on a few exchanges, including Raydium and Dexlab

5. Polychain Monsters

THE WHAT?

  • With the help of Polychain Monsters, a cross-chain digital collectible and gaming environment with a broad appeal will be developed

  • With $PMON on Ethereum, BNB Smart Chain, and Polygon, users may unlock gorgeous animated NFTs from digital booster packs that make up Polymon

REFERENCE

  1. https://www.finextra.com/blogposting/21882/top-5-nft-staking-platforms

  2. https://medium.datadriveninvestor.com/which-nft-staking-platforms-are-the-best-pros-and-cons-96108654861d

DISCLOSURE:

None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.

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