The global NFT Market Size is currently valued at $11B+ USD, according to combined sources, cross-chain. However, the current overall NFT space is predominantly illiquid, meaning the majority ofNFT assets are not always sold at high-volume frequency. For instance, works of art may be acquired as an NFT. However, new owners may not easily sell this digital asset in a short or mid-term timeframe.
The Matry Protocol, provides powerful BAAS (Blockchain as a Service)infrastructure to fix this issue. Matry builds deep cross-chain liquidity for the NFT space, in the form of collateralized NFT Staking andDeFi-centric NFT creation. NFT Creators may now bring true value to respective NFT buyers and the NFT community as a whole.
The process of being able to earn cryptocurrencies passively, for simply being the owner of a specific NFT (which yields such rewards),is called NFT Staking.
Owning an NFT powered by Matry, enables users to stake their NFT assets on a periodic basis - whether daily, weekly, monthly or yearly, may depend on the NFT and its specific DeFi configurations which were selected by the original NFT creator. Staking options for NFTs created with Matry, primarily consist of dynamically minted "m" Token derivatives which are price-pegged to major cryptocurrencies and real world market assets. Stakeable tokens include: mBTC, mETH, mADA, mSOL, mUSD, mGOLD, mOIL and many more.All price-pegged tokens are collateralized by user-pooled tokens, which essentially backs dynamic minting, and neutralizes inflationary effects.
The above NFT Staking example, displays the wallet of the owner of a SOL Wizard NFT, from the Wizards vs Witches collection, receiving weekly NFT Staking Rewards. Rewards are collateralized by the NFT Staking Liquidity Pool which consists of user-pooled liquidity and effectively backs the dynamic minting / staking of price-pegged "m" Tokens.In the instance above, tokens rewarded include: mSOL, mBTC and mETH.