Stargaze

Terra Classic

Terra

Cosmos

NFT Staking — A unique and innovative way crypto investors use not only to buy <a href="https://coingape.com/glossary/nft-non-fungible-token/" target="_blank" rel="noopener noreferrer nofollow">non-fungible tokens</a> but earn rewards and other privileges by locking them on a platform or protocol — has just gone better. Enterprise DAO-powered by Terra Money has now enabled cross-chain <a href="https://coingape.com/education/what-is-nft-staking-pros-and-cons-of-nft-staking/" target="_blank" rel="noopener noreferrer nofollow">NFT staking</a> for Cosmos chains including Terra, Stargaze, Juno, and soon Terra Classic.
<h2 id="enterprise-protocol-enables-cross-chain-nft-staking">Enterprise Protocol Enables Cross-Chain NFT Staking</h2>
Enterprise DAO <a rel="noopener noreferrer nofollow" href="https://medium.com/enterprise-hub/cross-chain-nft-staking-is-live-d4c9aa84f867" target="_blank">unlocked</a> the cross-chain functionality for Cosmos chains by launching the cross-chain NFT staking. The Terra-powered platform helps to easily and efficiently create, manage, and grow DAOs within Cosmos. In January, the platform enabled cross-chain token staking for Terra and non-Terra tokens.
Cross-chain NFT staking is initially enabled for select NFT collections on Stargaze and Juno. Stargaze and Juno NFT DAOs, powered by Ark Protocol, now offer one-click staking and no-code setup as well as advanced voting, treasury management, and rewards distribution.
Also Read: <a title="Breaking: Binance Labs Sever Ties With Crypto Exchange Binance" href="https://coingape.com/binance-labs-sever-ties-with-crypto-exchange-binance/" target="_blank" rel="noopener noreferrer nofollow">Binance Labs Sever Ties With Crypto Exchange Binance</a>
<h2 id="terra-luna-classic-to-get-enterprise-support">Terra Luna Classic to Get Enterprise Support</h2>
Terra Luna Classic unanimously passed the proposal for Terra Classic v2.4.2 upgrade. This upgrade will introduce <a href="https://coingape.com/terra-luna-classic-big-v2-4-2-upgrade-passed-lunc-new-futures-listing/" target="_blank" rel="noopener noreferrer nofollow">IBC-Hooks</a> to the chain to enable the onboarding of <a href="https://coingape.com/glossary/decentralized-applications-dapps/" target="_blank" rel="noopener noreferrer nofollow">dApps</a> on the Terra Luna Classic, most notably Enterprise DAO. The upgrade is scheduled for March 25.
The community-led chain plans to revive LUNC and repeg USTC to $1 with various efforts including token burn, staking, and others. The narrative toward utility recently gained amid new developers revealed by developers groups.
Also Read: <a href="https://coingape.com/crypto-exchange-joins-binance-to-burn-terra-luna-classic-lunc-trading-fees/" target="_blank" rel="noopener noreferrer nofollow">Crypto Exchange Joins Binance to Burn Terra Luna Classic (LUNC) Trading Fees</a>
<h2 id="terra-and-terra-classic-tokens-price-performance">Terra and Terra Classic Tokens Price Performance</h2>
Terra (LUNA) fell 11% in the past 24 hours amid broader crypto market selloff. LUNA price currently trades at $0.944. The token gradually losing all gains it made in the month.
<a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener noreferrer nofollow">LUNC price</a> also tumbled, with 13% drop to $0.000150 level. The 24-hour low and high are $0.000148 and $0.000180, respectively. Moreover, trading volume has increased by 97% in the past 24 hours.
Meanwhile,&nbsp;<a href="https://coingape.com/price/terraclassicusd" target="_blank" rel="noopener noreferrer nofollow">USTC price</a> fell 11% in the past 24 hours, with the price currently trading at $0.0309. The 24-hour low and high are $0.0299 and $0.0347, respectively.
Also Read: <a title="Crypto Market Selloff: Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today" href="https://coingape.com/crypto-market-selloff-top-reasons-why-bitcoin-eth-xrp-ada-shib-crash-today/" target="_blank" rel="noopener noreferrer nofollow">Crypto Market Selloff — Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today</a>
The post <a href="https://coingape.com/cross-chain-nft-staking-is-here-all-you-need-to-know/" rel="noopener noreferrer nofollow">Cross-Chain NFT Staking Is Here, All You Need to Know</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Cross-Chain NFT Staking Is Here, All You Need to Know

Table of Contents

Coingape News Media

Other articles published on Mar 15, 2024

Innovative Horizons: TenX, Cronos, and Axie Infinity Reshaping Blockchain Realms

US Senators Urge SEC Chair Gary Gensler To Halt Crypto ETF Approvals Over “Enormous Risks”

SEC Targets $300 Million Ponzi Scheme Aimed at Latino Investors

Shiba Inu Community Divided on Future: Can SHIB Mirror Its 2021 Phenomenal Surge Amid Skepticism?

Cardano’s Market: Balancing Gains and Losses

Wealth Management Firm Cetera Adds Several Spot Bitcoin ETF for Trading

Join our free newsletter for daily crypto updates!