NFT staking refers too locking up non-fungible tokens on a platform or protocol in exchange for rewards and other benefits which in this case will be the $BOO. Staking NFTs allows owners to profit from their collection while keeping control of it.
Staking is primarily a means of distributing tokens among holders in order for them to act as a source of energy for the project, with the goal of creating an ecosystem and utility around the token.
Solana Phantoms Team will convert Web2 website into a Web3 platform to allow holders to Stake their NFTs.
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