What Is NFT Farming and How Does NFT Farming Work?

Staking NFTs for a reward or staking tokens for an NFT as a reward is what NFT farming entails. It is comparable to yield farming. However, it uses NFTs as either a reward or a staked token, providing liquidity and utility to otherwise illiquid digital assets.

People who are familiar with yield farming in the crypto world will find NFT farming easier to understand because it is almost an extension of yield farming, but here NFTs earn you rewards like other NFTs or staked tokens.

NFT farming adds liquidity to the HODLers' NFTs and puts their digital assets to work. It may enable them to earn higher returns and, as a result, acquire new NFTs. Continue Reading with the Link Below