Future Utility of NFTs?
The average person is starting to question the utility of owning their NFTs. In the same way that owning a coin such as BitCoin or ETH does not guarantee income at the point of sale, there is the risk that an NFT investment depreciates.
This means that, just as there are vibrant DeFi ecosystems offering earnings for holding, i.e., interest on coins held in the ecosystem’s wallet (with either custodial or non-custodial staking), the market needs an equivalent solution to allow NFT traders to generate passive income and expand the NFT model beyond “attempt to sell at a profit”.
The DeFi market currently lacks an NFT autostaking model where users can “hold” their NFTs in liquidity pools to earn interest.
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