10 Best NFT Staking Projects in October 2022 – Stake NFTs & Make Profit
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
In simple terms, NFT staking refers to the locking up of non-fungible tokens on a platform to generate rewards. This strategy allows NFT holders to earn a passive income while maintaining ownership of their tokens.
In this guide, we focus on the best NFT staking projects for 2022. We also discuss how you can buy NFTs and which platforms you can use to stake your tokens today.
Table of Contents
#1 NFT To Stake – Earn Up To 90% APY at ShipAgeNFT.com
Top NFT Staking Projects in October 2022
Here are the top 10 NFT staking projects that you can invest in to generate passive income:
- ShipAge NFT – Overall Best NFT Project of 2022
- MOBOX – P2E Game Combining NFT Yield Farming
- Zookeeper – NFT Staking in Liquidity Pools
- Doge Capital – Stake Pixel Art NFTs to Earn DAWG Tokens
- BabyApes – NFT Project Supporting Staking on the Solana Blockchain
- Roo Troop – Stake NFT Collectibles on NFTX
- Mutant Cats – DAO Protocol Investing in Blue-Chip NFTs
- PirateXPirate – Pirate Blockchain Game with NFT Staking
- Sappy Seals – Stake NFTs to Earn Native Tokens of PixelVerse
- Crypto Raiders – Upcoming Play to Earn Game with NFT Staking
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Best NFT Staking Projects Reviewed
Before you invest your money into an NFT project, it makes sense that you spend some time learning about the respective collection and its prospects. Our research found that the majority of the NFT staking opportunities arise from play to earn crypto games.
Below, we have gathered some additional information about the best NFT staking projects to help you decide on the right tokens for your portfolio.
1. ShipAge NFT – Overall Best NFT Staking Project of 2022
ShipAge is a community-driven play to earn game with a limited collection of 10,000 NFTs. It runs on the Polygon blockchain and lets you buy NFTs without paying any gas fees. Each ShipAge NFT represents an artwork, depicting an image of a ship with its own unique traits.
The ShipAge NFT collection is a relatively new project that launched in early 2022. The public sale for ShipAge NFTs has already started, and the price commences at 30 MATIC tokens. The primary sale can be found on the official website of ShipAge, however, you will still be able to purchase these non-fungible tokens via secondary marketplaces.
However, bear in mind that secondary sales will incur a deduction of 3.5% in royalties for the ShipAge team. Once you have purchased a ShipAge NFT, you can start staking the tokens by connecting your digital wallet to the official website of the project. The rewards for staking ShipAge NFTs are paid out in the form of $SAN – which is a utility token of the network.
Staking rewards can be claimed every day and added to your crypto wallet. Apart from $SAN, ShipAge NFT also has another utility coin called $SFUEL, which is the official token of the network. You can use this digital coin for staking as well as for governance purposes.
- Each Ship Age NFT stake can earn 15 $SFUEL Utility Coins for evey 24 hours.
- First 100 Stakers will receive 300 $SFUEL on each ShipAge NFT
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2. MOBOX – P2E Game Combining NFT Yield Farming
MOBOX is a gaming metaverse built on the Binance Smart Chain. There are a number of NFT games that you can play on the MOMOverse, giving you access to non-fungible tokens called MOMOs. You can then stake these NFTs to earn rewards in the form of MBOX, the native cryptocurrency of the MOBOX network.
Apart from playing games on MOBOX, it is also possible to purchase MOMOs from secondary marketplaces. Each MOMO is unique and has a randomly generated hash power. The number of MOMOs you stake is directly proportional to the rewards you get, which are paid out on a daily basis.
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3. Zookeeper – NFT Staking in Liquidity Pools
ZooKeeper is a part of the blockchain gaming network ZooEcosystem. It was built specifically to facilitate yield farming, in order to add liquidity to the gaming platform ZooGames. Users can stake ZooNFTs for up to a period of 180 days and receive additional ZOO tokens as a reward for doing so.
ZooNFTs come in two different groups. First, the ZooBoosters lets you increase the APY you collect from staking your NFTs. The second category, Levels, enables you to combine two NFTs to create a new unique token. Staking Level NFTs is particularly useful for those looking to earn rewards to get ahead in ZooEcosystem games.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Doge Capital – Stake Pixel Art NFTs to Earn DAWG Tokens
Doge Capital is a collection of 5,000 pixel art NFTs. Each non-fungible token is created using generative coding, where an algorithm constructs random variations, ensuring that the NFTs are unique. The project also offers its NFT holders a new income stream through its staking program.
The rewards are paid out daily in the form of DAWG tokens. Doge Capital is also involved in the procurement of other highly-valued NFTs, which are stored in the WoofBank – a community wallet owned by holders of DOGE. Furthermore, this NFT project plans to launch a play to earn game that will offer additional utilities for NFTs and DAWG tokens.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. BabyApes – NFT Project Supporting Staking on the Solana Blockchain
BabyApes is another popular NFT project that supports the staking of non-fungible tokens. The NFTs are created on the Solana blockchain and have different attributes that determine their rarity. Each BabyApe NFT is defined by its characteristics – including body, headwear, ears, mouth, eyes, and background.
The platform allows holders to stake their BabyApes NFTs and earn token rewards in the form of $OOGI. At the time of writing, staking these NFTs offers you a yield of 3,000 $OOGI coins per day. Being a holder of BabyApes NFTs also gives you voting rights on the DAO system that governs this project.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
6. Roo Troop – Stake NFT Collectibles on NFTX
Roop Troop is an NFT project created on the Ethereum blockchain. There is a total of 5,503 NFTs in this collection, including three rare Super Roos. These NFTs are divided into nine categories and have over 150 traits between them, including body, snout, background, headwear, gear, height, and more.
If you want to stake Roo Troop NFTs, you can do so by creating a vault on NFTX. Those who stake their NFTs will be able to earn $ROO in return, a utility token that has several applications in the Roo Troop ecosystem. In the future, the project also plans to add additional rewards for staking Roo Troop NFTs, such as a secondary digital currency and access to merch.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
7. Mutant Cats – DAO Protocol Investing in Blue Chip NFTs
Mutant Cats is a DAO that purchases and fractionalizes other popular NFTs such as CryptoPunks and Cool Cats. When you buy a Mutant Cat NFT, you have the option to stake these digital tokens on the platform. In return, you will receive 10 $FISH tokens per day.
Each $FISH token represents fractional shares of the Cool Cats NFTs held in the vaults of Mutant Cats. You can also trade these $FISH coins on secondary crypto markets for other digital tokens. Moreover, those who hold these Mutant Cat NFTs also get access to exclusive drops, raffle entries, voting rights over the DAO’s assets, and more.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
8. PirateXPirate – Pirate Blockchain Game with NFT Staking
As you might have guessed from the name, PirateXPirate is a pirate-themed blockchain game. These NFTs come as in-game assets, such as ships and crew. There are a variety of quests within this game, and you can use action cards to steer outcomes.
The project also has a native token $PXP that you can stake on the platform. You can lock in these tokens for a duration of up to one year. Depending on the period of staking, you will also receive tickets to raffles, giving you a chance to win additional rewards.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
9. Sappy Seals – Stake NFTs to Earn Native Tokens of PixelVerse
Sappy Seals is a play to earn game with a collection of 10,000 NFTs. The project is closely linked to PixelVerse, a multi-blockchain virtual world that lets users interact with NFTs in a shared space. As such, you can stake your Sappy Seal NFTs to start earning rewards in $PIXL, the native digital token of the PixelVerse.
Each of these NFTs represent a unique seal, with varying degrees of rarity. In the future, those who hold Sappy Seals tokens will also be offered rare PixSeal NFTs for free. It is also interesting that Sappy Seals intends to donate funds from the sales of its NFTs to the Ocean Cleanup project.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
10. Crypto Raiders – Upcoming Play to Earn Game With NFT Staking
Crypto Raiders is an upcoming play to earn game that lets you earn rewards in the form of NFTs and cryptocurrencies. You can get started by purchasing the in-game NFT, called $RAIDER. To play the game, you can form a team with other players and commence your search for treasures.
In terms of staking, Crypto Raiders lets you stake your $RAIDER NFTs for a share of $AURUM. These are digital coins that you can spend in the game itself. The NFT project also has its own native LP tokens that can be used for staking and obtaining $RAIDER NFTs in return.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Stake NFTs – Best NFT Staking Platforms
If you are interested in taking advantage of NFT staking, then the next step is to get started with your investment journey.
Below, we have rounded up some of the best NFT-related platforms that will help you purchase non-fungible tokens, and stake them to earn passive income.
1. Crypto.com – Best Marketplace to Buy NFTs
As it goes, you first need to buy NFTs to stake them. And as we noted earlier, most NFT collections are available via secondary marketplaces. If you are in search of the best NFT marketplaces with low fees, then Crypto.com is a perfect fit for your needs.
The Crypto.com NFT marketplace features non-fungible tokens across a variety of niches. You will find NFTs belonging to the categories of art, photography, music, sports, gaming, and more. Crypto.com has also partnered with Snoop Dogg and Aston Martin to give you access to some of the most exclusive NFTs available in this industry.
Crypto.com is suitable not only to buy and sell NFTs but also for minting new tokens. It offers multi-chain support and hosts NFTs built on Ethereum, Polygon, and Crypto.com Org. You will also have access to a DeFi wallet that you can use to store NFTs, and view or share them on social media.
Most importantly, Crypto.com lets you buy NFTs using a debit/credit card. It also connects to digital wallets such as MetaMask and lets you use the Crypto.com Pay app to make purchases. Apart from its NFT marketplace, Crypto.com also offers a number of other notable services, such as an exchange, crypto loans, interest-earning accounts, and more.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. eToro – Best Platform to Buy Cryptocurrency
NFTs are unique digital tokens built and managed on a blockchain. This means that most NFTs require payment in a cryptocurrency. For instance, to purchase an NFT built on the Ethereum network, you need to pay using ETH tokens.
This means that you should buy cryptocurrencies first, and we suggest that you do so via a regulated and respected online broker such as eToro. This social trading platform is ideal for beginners and lets you buy cryptocurrencies in less than 10 minutes. The best part is that this broker is approved in the US and regulated by the FCA, CySEC, and ASIC. This ensures that you have access to a secure environment when making investments.
When it comes to supported payment methods, you can utilize a debit/credit card or e-wallet to buy cryptocurrencies. You can also make a bank transfer to the platform to fund your purchases. eToro also offers an in-built digital wallet that you can use to store your cryptocurrencies for free.
eToro also supports copy trading – meaning, you need not be an expert to begin your investment journey. Instead, you have the option to copy the trades of expert investors on eToro. Apart from crypto, you can also use eToro to invest in stocks, ETFs, metals, agricultural products, and forex.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. WhenStaking – Stake Selected NFTs For To Earn VOID Tokens
WhenStaking is a platform that was designed exclusively for the purpose of staking NFTs. However, you cannot stake just any NFT on this platform. WhenStaking has whitelisted a total of seven NFT collections that are supported for staking.
It is important to bear in mind that you need VOID tokens to start staking NFTs on this platform. On top of this, the rewards offered are also in the form of VOID tokens. In other words, the returns you receive are determined by the number of VOID tokens you stake on the platform.
Based on this, WhenStaking follows a 1-50 level system for NFTs and offers you better rewards as you climb up each tier. Outside the WhenStaking ecosystem, the VOID coin functions as any other digital currency. It is also possible to exchange this token for other cryptocurrencies such as Wax or Alcor.
At Crypto.com – #1 Marketplace to Buy NFTs
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. NFTX – Best Staking Platform for Ethereum NFTs
NFTX is a platform used for creating liquid markets for NFTs. Users can use this platform to create vaults for any NFTs built on the Ethereum blockchain. Once a vault is created, it is accessible for others to deposit their NFTs. In return, you can mint an NFT-backed token (vToken) that represents a claim on a random asset from within the vault.
This way, you can create a liquidity pool for any Ethereum-based NFT. This will also let you earn trading commissions as a liquidity provider. Furthermore, these vTokens can be used to buy certain eligible NFTs from a vault and can also be staked for rewards.
It is also possible for holders of vTokens to pool their tokens in AMMs (Automated Market Makers) to create a liquid market in which others can trade. In addition to this, vTokens that have liquidity and trading volume also get a floor price (lowest market price) on NFTX. This can be a great tool for investors attempting to price their NFTs.
At Crypto.com – #1 Marketplace to Buy NFTs
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. Binance Powerstation – Charge Fan Tokens to Earn Rewards
Being an owner of a fan token will give you access to special club perks, exclusive discounts on tickets, limited-edition merchandise, and voting rights for team-related matters. Instead of staking, the Binance Fan Token Platform let its users ‘charge’ their NFTs.
The longer you charge an NFT, the higher your rewards will be. The yield you receive also varies depending on the rarity of the NFT you charge. The rewards are calculated on an hourly basis and will be transferred to your Binance spot wallet.
At Crypto.com – #1 Marketplace to Buy NFTs
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is NFT Staking?
As the NFT market grows, developers and collectors are exploring new ways to put their non-fungible tokens to use. One of the latest use cases of NFTs is to use them as utility tokens on staking platforms. This opens up a new opportunity for collectors to monetize their NFT collections.
When you stake NFTs, you are locking in your non-fungible tokens into a decentralized platform. In return, you will receive rewards and other perks. Put otherwise, you can generate a passive income from your NFTs without needing to sell your tokens.
How Does NFT Staking Work?
The NFT industry is still in its infancy and as such, liquidity continues to be a big issue.
There are a number of reasons for this:
- Firstly, the NFT ecosystem is still in its early stages of development.
- Secondly, the majority of those who purchase NFTs will hold their tokens as a long-term investment.
- Put otherwise, when buyers hold on to their NFTs, it naturally decreases the supply of that specific collection.
NFT staking allows you to solve these issues by providing liquidity. At the same time, you will also be able to earn a passive income on your otherwise idle digital tokens by providing liquidity. The rewards you receive will vary depending on the APY, the lock-in period, as well as the number of NFTs staked.
In many ways, staking an NFT is the same as locking in your cryptocurrencies in an interest account. In this case, all you need is a digital wallet that holds your NFTs. However, the requirements for staking can also change from one NFT project to another.
Benefits of NFT Staking
If you are wondering whether investing in the best NFT staking projects is the right approach for you, we suggest that you take a look at the benefits of this strategy.
Passive Income
Undeniably, the most obvious advantage of staking NFTs is that you can access passive income from your digital tokens. Moreover, there is no need for you to transfer ownership or to sell your NFT collection.
Instead, you only need to deposit your NFTs into a staking pool to earn rewards. Moreover, while the value of your NFT may fluctuate in the short term, you might be able to counterbalance this by earning additional staking rewards in the form of cryptocurrencies.
Support the NFT Project
By staking NFTs, you also get to be a liquidity provider on the respective platform. In doing so, you help to maintain the security and efficiency of the project. On top of this, many NFT projects also give stakers access to community participation on the platform.
As in many of the NFT staking projects outlined above, the rewards are offered in the form of native utility tokens. These carry additional perks such as voting power and governance in the project’s future direction.
Higher Rewards
As you might already know, the value of an NFT is determined by what a buyer is willing to pay for it. So, when compared to traditional forms of investments, the risk of holding NFTs is elevated.
That said, the rewards attainable can also be high. For instance, if you open a conventional fiat-based savings account, you will be lucky to earn an APY of above 1%. On the other hand, NFT staking projects can yield significantly higher returns in the form of cryptocurrencies.
Staking Directly With an NFT Collection
There are some excellent NFT staking platforms that you can use. However, the process of staking NFTs on third-party platforms such as NFTS can be somewhat complicated, especially for beginners.
With this in mind, beyond a doubt, the easiest way to stake NFTs would be via the respective platform that issued the token.
One such example is the ShipAge NFT project that we discussed earlier. This new NFT project lets you stake your tokens directly on the platform itself.
All you have to do is connect your digital wallet to the platform to stake your NFTs and start earning rewards.
Cryptoassets are a highly volatile unregulated investment product.
NFT Staking – Conclusion
NFT staking is a concept that came about due to the rise of play to earn crypto games. Crucially, staking has created new ways for collectors to generate passive income from their idle non-fungible tokens.
If you are eager to build your own NFT collection, we found that the Crypto.com marketplace is the best platform to use right now. It offers an excellent user experience that comes with great features, a DeFi NFT wallet, and no buyer fees.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
FAQs
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