a Dapp that lets people stake their NFTs for whatever.
Staked NFTs work similar to staking ERC-20 tokens.
The NFTs are locked away into the DAO/organization’s vault as “collateral”
Unlike normal liquidity staking, NFTs can be withdrawn at any time by the original NFT owner
The NFT cannot be sold or moved while it’s in the vault.
It is also removed from the owner’s wallet for safe-keeping. They don’t have to remember to remove the NFT and lock it away on a cold wallet.
The NFT, while in the vault, can be accessed by other organizations who partner with the NFT collection creators. This reduces the need to re-apply or re-prove ownership again.