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WHAT IS STAKING IN NFT

Staking is the process of “locking up” a cryptocurrency or NFT to earn something in return, usually tokens. Think of it as depositing your asset into a vault: after a set period you withdraw it and walk away with more assets than you originally put in.

Staking programs can be set up for different reasons, with different goals and different rewards.

In the context of NFT, projects typically launch their own staking for their NFT collection, where holders earn tokens in exchange for staking, usually a project-native token with some real utility. Those tokens can then be spent inside the project’s own tools (raffles, mini-games, etc.).