Introduction to NFT staking

Staking your NFTs on Brand Swap offers various advantages that enhance your experience and provide additional opportunities. Let's explore the key benefits of staking your NFTs below:

What is NFT Staking?

NFT staking involves depositing your owned NFTs for a designated period to participate in platform activities and earn rewards. You retain ownership of your NFTs, and they are returned to you once the staking period concludes.

Benefits of NFT Staking

NFT staking offers several benefits:

1. Earning Rewards: By staking your NFTs, you can earn rewards based on your participation and contributions to platform activities. These rewards are distributed accordingly.

2. Improved Liquidity: Staking your NFTs allows you to utilize your owned assets while receiving rewards during the staking period. This enhances the liquidity of your NFTs and enables efficient utilization of your holdings.

3. Participation in Platform Growth: NFT staking enables you to participate in the growth and development of the platform. By earning rewards, you contribute to the success of the platform.

NFT Staking Process

The process to stake your NFTs involves the following steps:

1. Wallet Connection: Access Brand Swap and establish a connection with your wallet.

2. Select Staking Options: Choose the NFTs you want to stake and select the staking options, such as the duration and rewards.

3. Execute Staking Transaction: Complete the staking transaction and lock your NFTs in the platform for the designated period.

4. Receive Rewards: After the staking period concludes, you can choose to MINT (withdraw) your rewards from the Brand Swap app at your convenience.

NFT staking provides an opportunity to maximize the value of your owned NFTs. Earn rewards while contributing to the growth of the platform.