Stake NFT

This module provides users with the facility to stake NFTs and earn revenue through it. This feature provides utility to free lying NFTs and helps in earning revenue from dormant assets. It's a step taken through the consideration of the past bear run where the majority of the NFT holders were left astray without any direction or value to their NFT.

Users can stake their NFTs on Marketplace but there’s a prior condition of having some ARC tokens in their wallet to make them eligible for staking.

How to Stake my NFT?

Step 1 : Click on Stake button and connect your wallet if not already connected.

Step 2 : Select the NFT you want to stake. You can only stake the NFTs that you own and have listed on the Arcade Network Marketplace.

Step 3 : Select the time period for which you want to stake your NFT and click stake now. A user will earn returns on its staked NFT as per the APY mentioned at the time of the staking.

Step 4 : Proceed with the transaction by approving the request on your wallet.