# Staking

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## Outline

​NFT staking refers to the "depositing" of NFTs on a platform to receive staking rewards and other privileges. This allows NFT holders to earn the platform's native utility token while still maintaining ownership of their NFTs.

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While NFT staking is still in its infancy compared to other DeFi yield farming concepts, they work in a similar way. By locking up NFTs on a platform, users can receive rewards depending on the properties of the asset being deposited, the staking duration, and the number of NFTs staked.

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Due to the unique nature of NFTs, investors and collectors generally prefer to HODL and speculate. NFT staking opens up a new opportunity for them to gamify their assets, which could potentially attract more people to participate and drive up the market demand for stakable NFTs.