Popular Types

NFT Farming

Popular Types of NFT Farming

NFT farming has become increasingly popular in the cryptocurrency world and is a great way to earn passive income. NFT farming is the process of acquiring, holding, and trading non-fungible tokens (NFTs). The three most popular types of NFT farming are liquidity farming, yield farming, and staking.

Liquidity Farming involves providing liquidity to a decentralized exchange (DEX) pool in order to receive rewards. This is done by depositing a certain amount of cryptocurrency into the pool and receiving a reward in the form of tokens.

Yield Farming is a process of earning rewards for providing liquidity to a DeFi protocol. By depositing cryptocurrencies into a DeFi protocol, users can receive rewards in the form of tokens.

Staking is the process of holding a certain amount of a cryptocurrency in order to receive rewards. This is done by depositing a certain amount of cryptocurrency into a staking pool and receiving rewards in the form of tokens.

Overall, NFT farming is a great way to generate passive income and there are many different types of NFT farming to choose from.