From Collectible to Cash Flow: How To Create Stakeable NFTs That Reward Your Community
A deep dive into how to code a smart contract that enables NFT staking
Crypto Is Coming Back
As big finance continues its move into the cryptocurrency space, many Bitcoin and Ethereum enthusiasts are betting on a big comeback. Whether or not the bull market materializes, anyone getting into digital currency should learn the basics around NFTs, Staking, and smart contract development because they are fundamental concepts in the Web3 space.
In this article, we’ll cover the basics of NFT staking and review the code that builds an NFT Staking smart contract. The complete code is available on my GitHub.
Please note that this tutorial is for educational purposes. It’s important that you thoroughly test your smart contract under various scenarios to ensure its reliability and security.
What is NFT Staking?
Firstly, let’s delve into what these terms mean. NFTs are unique digital assets that represent ownership or proof-of-authorship for digital content on a blockchain. They essentially transform digital works into verifiable pieces of property that can be bought, sold, or traded much like any physical asset…
