Staking

As the NFT landscape continues to expand, a novel concept has emerged - NFT staking. This innovative approach allows NFT holders to not only own unique digital assets but also earn passive income and rewards. In this article, we delve into the world of NFT staking in 2023, uncovering its intricacies, benefits, risks, and the platforms that empower you to harness the potential of your NFT investments. Whether you're a seasoned crypto enthusiast or a curious newcomer, join us as we explore the exciting possibilities that NFT staking offers in the ever-evolving cryptocurrency ecosystem.

If you have crypto and want to earn interest on it fairly easily, you can try staking. So you will not only receive profit but also support the work of the blockchain network. But what does it mean to stake crypto? 

Put simply, staking crypto meaning a method to make your cryptocurrency work and generate passive income. This is a kind of alternative to mining but is less resource-intensive. Compared to the latter, it does not require large computer capacities or other computing equipment. Therefore, it does not require a lot of electricity. Now let's take a deeper look at what is staking in crypto, and how staking crypto works.

If you want to put your liquidity into a pair and farm or stake a certain asset, you will be faced with the concept of annual profit. This is a kind of opportunity for you, as a crypto investor, to compare returns between assets or platforms, and calculate whether your returns are compounded and over what period of time. So, let’s figure out what APY means, what APR stands for, and the main difference between APY and APR.