The first thing you need to do is to get a crypto wallet compatible with NFT. Only then can you stake NFTs safely. Then, you have to send your NFT to a staking contract and lock it for a staking period. Only this way you\u2019ll be able to earn a staking reward.<\/p>\n\n\n\n
Play-To-Earn<\/h4>\n\n\n\n Currently, the best way to go about it is to use Play-To-Earn games. The basic concept is simple. You play the game, get rewards, and then you create a token and make it into an NFT. <\/p>\n\n\n\n
Then, those NFTs go into the staking pool, you create a smart contract for the said period, and there you have. You can now lay back and observe money dropping into your account.<\/p>\n\n\n\n
In the end, it\u2019s similar to staking cryptocurrencies but on the NFT marketplace. And also – you can play a game while doing it, how cool is that?<\/p>\n\n\n\n
How Much Money Can You Make?<\/h3>\n\n\n\n So, we\u2019ve talked about fun; now, let\u2019s talk about business. There are hundreds of NFT staking opportunities for you to explore. The NFT market is excellent because it\u2019s still developing, and many opportunities are yet to be discovered.<\/p>\n\n\n\n
Remember, not every NFT will bring you stacks, and not every game will be enjoyable. So, with that in mind, let\u2019s see what kind of money you can make with those staked NFT rewards.<\/p>\n\n\n\n
Well, It Depends<\/h4>\n\n\n\n The most obvious thing in the world is – it depends. On various factors. What kind of game you play, how good you are, and how many rewards and precious items you can turn into NFTs. It is a lot of things to consider.<\/p>\n\n\n\n
If you find a reward you want to mint into an NFT, you need to consider some things. First is your annual percentage yield (APY), an interest rate. You should also look into the duration of staking and how many pieces in your NFT collections you want to mint.<\/p>\n\n\n\n
In most cases, you can count on daily or weekly rewards for your NFTs. It usually goes like this – you create an NFT, and the platform decides how much your NFT staked is worth. The number will be determined by the factors mentioned above. <\/p>\n\n\n\n
But How Much Money Can You Make?!<\/h4>\n\n\n\n We\u2019ve looked into data and done some research, but we must tell you – the answer is highly not obvious. NFT marketing, and crypto overall, has some of the most aggressive and overwhelming tactics ever seen in the history of this branch.<\/p>\n\n\n\n
Different Folks, Different Strokes<\/h4>\n\n\n\n For starters, there is no simple answer because each forum has thousands of ads suggesting one game over another. Second – there is no official list of winners and losers of the games, so you can count on some personal stories or your own experience.<\/p>\n\n\n\n
Some say you can get thousands of dollars monthly; some say you get much less than that in the same period.<\/p>\n\n\n\n
Most estimates we\u2019ve come across talk about 500$ per month. From what we\u2019ve seen, it seems not as crazy as some of the other estimates and right up the – maybe, maybe alley.<\/p>\n\n\n\n
It will probably not be your first source of income, but it can be a bonus. Of course, if you\u2019ll grind enough, you\u2019ll be able to get some severe stacks after a while, but it\u2019s not something for beginners.<\/p>\n\n\n\n
Important Disclaimer<\/h3>\n\n\n\n It\u2019s essential to know that it\u2019s not an easy-going system where you play a game and then earn some money. In most of those games, you need to put up some cryptocurrency to mint your NFTs.<\/p>\n\n\n\n
Your NFT tokens cost real-life money. It\u2019s an investment in some ways, but in others – it may be a detriment to your finances. So, if you want to start gaining passive income in those games, be sure to do it responsibly and with caution.<\/p>\n\n\n\n
If you\u2019re under 18, you should avoid this kind of game as it is essentially a form of gambling.<\/p>\n\n\n\n
What Games To Play?<\/h2>\n\n\n\n And here we are at the essential question – what kind of games are there and what to choose? Depending on your skill set, you may have to pick a few to see which one you feel can benefit you the most. And also – which ones are the most fun to play. After all – it\u2019s playing to earn, not suffer to go by. We\u2019ve also prepared some non-gaming-based NFT staking platforms for you to try something else.<\/p>\n\n\n\n
Here are some of the more interesting games to check out.<\/p>\n\n\n\n