The NFT Market Struggles Amidst Liquidity Drought
The non-fungible token (NFT) market is currently facing a prolonged liquidity drought, resulting in a decline in various metrics. Many NFTs have seen their value drop by over 70% since the middle of this year.
However, there are still ways for collectors and investors to generate revenue during this market downturn. Participating in presales and staking NFTs are two viable options for earning income. Let’s explore how these strategies can benefit investors.
Best NFTs To Buy Today On Presale
Tamadoge, a meme cryptocurrency project and play-to-earn game based on non-fungible tokens, offers a new presale opportunity that has the potential for long-term returns. The presale for Tamadoge’s 3D Dynamic NFTs is currently live on nfts.tamadoge.io.
The new 3D NFT presale includes several developments for the Tamadoge NFT gaming platform, such as TAMA staking and a token burn program. By participating in this presale, gamers can level up their NFTs through playing Tamadoge games, add unique accessories, and benefit from 100% revenue burning from the NFT sale.
Tamadoge NFT Staking Coming Soon
In addition to the presale, Tamadoge plans to introduce NFT staking. This involves locking up NFTs on a platform or protocol to earn staking rewards and other benefits while still maintaining ownership. Investors will soon have the opportunity to stake their non-fungible tokens and earn $TAMA rewards.
$TAMA can also be staked flexibly for 4.1% APY with no lockup period. The value of $TAMA has increased significantly in the past month and from its 2023 lows.
Hot Take: Tamadoge NFTs Offer Potential Revenue Streams
The ongoing liquidity drought in the NFT market has impacted the value of many tokens. However, opportunities still exist for collectors and investors to generate revenue. Tamadoge’s presale of 3D Dynamic NFTs provides a chance to earn long-term returns, while the upcoming NFT staking feature offers passive income opportunities. By taking advantage of these options, you can navigate the current market downturn and potentially benefit from the future growth of the NFT ecosystem.
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