Krown Labs
Krown Labs
  • Welcome to Krown Labs
  • Services
    • Bridging NFTs
    • NFT Marketplace
    • NFT Staking
  • Projects
    • Phantom Bunch Series
    • Doodled Punk Series
    • Polyguys
    • Chibbles
    • Weirdos
  • Sonic Name Service
    • Sonic Name Service
    • Sonic Name Service (SNS) Snap Knowledge Base
  • Sonic Name Service (SNS) Snap Frequently Asked Questions
  • $BUNCHY
    • $Bunchy Whitepaper
    • Bunchonomics
    • NFT Staking System
    • Buyback & Burn Mechanism
    • Risk Disclosure
    • Official Links & Social Media
    • Conclusion
  • Chibble World
    • Coming Soon
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  1. Services

NFT Staking

Krown Labs pioneered NFT staking and a utility token system in 2022, providing a revolutionary way for NFT holders to unlock additional value from their assets. Through staking, users could earn utility tokens that served as a currency within the Krown Labs ecosystem, enabling them to mint exclusive projects launched by the platform.

With the evolution of Krown Labs’ services, this NFT staking feature is now being extended as a service to a broader audience.

How NFT Staking Works

1. Stake Your NFT

Owners can stake eligible NFTs directly through the Krown Labs staking platform. By locking their NFTs into the staking system, users activate their earning potential without relinquishing ownership.

2. Earn Utility Tokens

  • Staked NFTs generate utility tokens over time, rewarding holders for their participation.

  • The utility token can be used within the Krown Labs ecosystem for exclusive benefits, such as:

    • Minting limited-edition NFTs from curated projects.

    • Gaining early access to new collections and features.

    • Unlocking other unique utilities as introduced by Krown Labs.

3. Access Exclusive Projects

Utility tokens earned through staking empower users to participate in the creation of new projects, offering a tangible use case and value to both the tokens and the staking process.

NFT Staking as a Service

Recognizing the potential of this innovative mechanism, Krown Labs is now offering NFT staking as a service to other creators and projects. This allows:

  • Collection Owners: To introduce staking mechanisms for their own NFTs, providing added value and engagement for their communities.

  • Broader Ecosystem Growth: Enabling creators to integrate utility tokens into their projects, fostering more interconnected and vibrant blockchain ecosystems.

Benefits of Staking

  • Passive Earnings: Earn utility tokens by simply staking your NFTs.

  • Enhanced Utility: Leverage tokens for minting and accessing premium features.

  • Community Engagement: Staking deepens user involvement and loyalty within the ecosystem.

Future Enhancements

As Krown Labs expands its offerings, the staking feature will be continually improved to include new integrations, more diverse earning mechanisms, and enhanced user interfaces, ensuring a seamless and rewarding experience.

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Last updated 3 months ago