Every NFT from ArtVndngMchn's fine art NFT collection on the WAX blockchain can now be staked for daily crypto rewards!
As a creator I have been wanting to offer staking rewards for owners of my NFTs since long before they were even called NFTs. Finally, I can offer that to everyone through the ArtVndngMchn collection. It is made up of over 600 (and counting) unique digital fine art pieces, released in various edition quantities. Some are 1 of 1 editions, some are 1 of 9, etc. These rare digital artworks represent thousands of NFTs from a diverse group of international artists in a project led by me (Joe Chiappetta).  |
| Detail of First Contact rare digital art by Joe Chiappetta and Fabi Yamada, available in some select ArtVndngMchn Series 3 packs. |
All NFTs from the ArtVndngMchn collection on WAX are eligible now to be staked on WAXDAO to receive WAXP cryptocurrency every day. WAX remains the most used blockchain in the world, currently with 700k daily active users, 23 million daily transactions, and 0 transaction fees.
As of this writing (updated 8/18/2023), over 7,750 WAXP tokens are available in the rewards pool for art collectors staking ArtVndngMchn fine art NFTs!
"Staking" is a blockchain process that allows NFT owners to retain ownership of their NFTs while locking them away for specific rewards. This gives the term "cryptoart" an even more literal meaning: art that generates cryptocurrency. Through the WAXDAO site, owners of ArtVndngMchn NFTs can stake their NFTs in return for daily cryptocurrency rewards or "unstake" their NFTs at any time to sell them back on the art market. Such an innovative real-time utility for the NFT space merges fun, fine art, and finance in new and exciting ways.
Why Am I Giving Crypto Rewards Back to ArtVndngMchn NFT Art Collectors?
- "It is better to give than to receive." - Acts 20:35
- Because I can.
- This is one way of saying "thank you" to the many loyal rare digital art collectors of ArtVndngMchn.
- Traditional economic models of the art market need a good disrupting.
- Staking NFTs will play a huge part in the future development and advancement of the arts and--incredibly--such benefits are available right now through ArtVndngMchn!
So...
Let the staking begin!