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NFT Staking

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Last updated 2 years ago

NFT staking is conducted in the same manner as other token staking protocols; where users lock their NFTs for rewards (typically seen in cryptocurrency).

Why does NFT staking exist and why will The Avenue allow for NFT staking?

To catalyse scarcity. If NFTs are locked away in a staking pool, they are unable to be sold Allow holders to earn a passive income… in $FOMO!

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