Were you ever told that your sumptuous-looking NFT profile picture is useless and a complete waste of money? Fear not, because, with yield-bearing NFTs, your NFT may now be able to pay for your breakfast, lunch, and dinner. But what is a yield-bearing NFT?
Yield-bearing NFTs are essentially NFTs that generate and pay a return to their holders usually through a process of NFT staking. Think of it as dividends you receive from your equities, but now with NFTs. In the physical world, yields-bearing assets include loans, government bonds, dividend stocks, and treasury bonds.
In this face-paced sector, NFTs have quickly expanded from collectible digital art to new concepts such as NFT staking which provides NFT holders with the passive yield-generating utility on their NFTs. In this article, we will explore and analyze numerous NFTs in the Solana and Ethereum ecosystem to determine the highest yielding NFT in its asset class.