As a modern gamer, you’ve probably read a lot about emerging technologies like blockchain and NFT and how they could be the future of gaming.
Because of the numerous benefits that blockchain technology and NFT games offer, they are gradually becoming the first choice for anyone interested in fun and money.
The increasing adoption of blockchain technology in gaming has shifted the same old top trends, and NFT staking is one of the fascinating newbies that is causing a lot of buzz.
What is NFT staking? How does it work? How does it provide an opportunity for players to make money while having fun? You are about to find out.
What is NFT staking?
The hottest concept with non-fungible tokens is buying and selling to make more money. Game users invest in NFTs by buying them and reselling them at a high price when they become more valuable.
However, gaming companies like Planet IX have offered gaming users another way to generate income from their NFTs.
Let’s get into that. What does NFT staking mean and how is it done?
Unlike selling NFTs to other game users while playing NFT games, game users can have their NFTs in their possession and still make money from them.
One of the numerous NFT games that have an NFT staking feature and schedule is Planet IX. Planet IX is a multiplayer strategy game that takes place on an entire sizeable title planet.
Now let’s quickly break that in. For those who enjoy exploring an even bigger space in NFT games, this is your catch. Planet IX is an NFT game that focuses on two main concepts. Provides fun and an income opportunity for gaming users. How is that done?
Planet IX features an exciting game that allows users to claim multiple lands called PIX on the planet. Claiming this PIX is usually done after completing certain in-game tasks or completing a challenge.
The fun fact is that these PIX are not fungible tokens. Planet IX also has another form of NFT asset known as Landmark NFT that can be staked. They are relics, artifacts, or cultural and traditional items that have been found on the planet.
What does this mean for players? This implies that Planet IX game users can generate income from two different NFTs by either selling the non-fungible tokens to other players in the game or simply staking their landmark NFTs.
How to Put Landmark NFT on Planet IX
There is a slight difference between staking tokens to get more cryptocurrency tokens and staking NFTs to accept cryptocurrencies.
Planet IX includes an NFT staking plan that offers two exciting ways for game users to make more money. They are Landmark NFTs Staking and Territory Staking.
Staking an NFT on Planet IX takes the general approach to staking NFTs in modern online games.
Landmark NFT staking
Planet IX Landmark NFT Staking offers game users several recurring benefits. Each Landmark NFT found by a gaming user contains a specific area called the Control Region. A control region is a diagonal area that surrounds the landmark.
How do you get a Landmark Stakes? There are two avenues available. The first requires luck on a random drop, while the second requires participation in a landmark raffle.
The first step in entering a Landmark Raffle is to complete an in-game or activity challenge. After completing the challenge, the game users receive an entry ticket. The entry ticket earned by Planet IX game users is a key to entering the Special Landmark Raffles.
How do Planet IX game players earn income from staking NFTs?
It’s the juiciest part. A commission is generated for every trade made by PIX in the control region. All commissions from such transactions go to all stakeholders in this control region.
In addition, the value of the Landmark NFTs can be increased through the combined efforts of all parties involved. Think about working with Planet IX players around the world for a common goal; to add value to NFTs and upgrade them at the same time. Fantastic.
Territory staking out
Staking Territories, another name for a group of claimed lands (PIX), is another way to make money as a game user in Planet IX.
PIX is a collection of claimed countries that form a territory. As soon as a PIX has been developed into a territory, players can use it for the desired blocking period. The window also shows the amount the staked area would generate if unlocked.
Planet IX game users are also allowed to use PIX tokens, which is the official cryptocurrency in Planet IX.
The staking of NFTs in Planet IX offers players a win-win situation in two ways.
First, players would win rewards for unlocking their areas of application.
In addition, the value of their staked lands and NFTs would have increased, and the longer the stake period, the higher the land value.
The use of NFTs in games is provoking a major revolution for game companies and Planet IX, a huge and exciting NFT game, is leading the limits of that revolution.