In crypto space, we often hear about “staking”, and how “staking” can generate lots of passive income, and sometimes generate more than actually mining ETH. Similar to cryptocurrency staking, NFT staking is another way to earn passive income. What is NFT staking? Let us take a step back to understand what NFTs are, NFTs are tokenized assets that allow you to buy and sell digital assets as well as real-world assets such as real estate on decentralized infrastructure. Using NFTs, asset holders acquire a sole proprietorship of an asset. Unlike fiat currencies and alternative tokens such as cryptocurrencies, the two NFTs are not the same and cannot be duplicated. NFT staking allows users to earn rewards as a passive way of earning money. Stakers are rewarded for holding or locking NFTs on the platform. This protects the network and rewards NFT token holders in return for providing security. The reward depends on the NFT bet, the bet period, and the APY or annual interest ...