Three Emerging NFT Platforms That Offer Yield Earning Programs

Non-Fungible Tokens (NFTs) have taken over the web3 space. Their popularity is second to none, as web3 enthusiasts have created an industry that has taken the world by storm. Use-cases have shifted from purely digital art marketplaces to certificates and even yield earnings. Digital art still dominates NFT uses. That will change. The Decentralized Finance (DeFi) space has figured out that NFTs have many product use-cases within the industry. NFTs get used as assets on several DeFi platforms. Before now, fungible tokens, stablecoins, and other digital assets reigned supreme. The entrée of NFTs has changed the game because of their unique nature. Here are a few yield-earning NFT platforms that will rock 2022 and beyond. Drops Offers Permissionless NFT Lending Pools And More Recently launched NFT lending pool Drops has taken things up a notch and created permissionless lending pools. The basic idea behind Drops is to allow DeFi token and NFT holders to gain access to liquidity rather than for NFTs to sit idly in user wallets. Different NFTs used for collateral range from collectibles, gaming NFTs to financial NFTs. The NFT space goes through illiquid phases because of sales pressure. It has led to bubble-like behavior in the NFT space that occurs periodically. As a result, many users get stuck with their NFTs without selling them at their desired timelines. Drops provides a way out for collectible and financial NFT owners by givi...