How can you earn passive income using NFT stakes?

Non-fungible Tokens ( NFT) are digital assets that signify the ownership of an intangible or tangible asset and therefore are stored of worth. The rarer an investment is, the more costly the NFT. However, the most important thing is that they're blockchain-based assets that you can trade just like other cryptos to earn substantial gains.

NFT is the buzzword for the year, and it's not just a metaphor. Collins Dictionary named it as the 'word to watch this year.' However, NFT has been gaining traction not only because it's the first to offer proof of digital asset ownership but also because it can generate high yields.

For instance, the WhenStaking platform from Onessus Blockchain Systems based out of the US has $2 million of its currency of origin, VOID, locked in 9,000 staked NFTs in the first month after its debut. The value of these NFTs is now $3 million.

What exactly is NFT Staking, and how do they earn these high returns? Let's take a quick look.

This episode is also available as a blog post: https://anynft.in/2022/01/30/how-can-you-earn-passive-income-using-nft-stakes/