The play-to-earn (P2E) industry had been enjoying a boom, rising to prominence amid a hype-fueled crypto bull market. It has benefitted from the success of the gaming industry, which has managed to remain recession-proof even through the worst of economic crises. This industry continued to pull in billions of dollars when companies in other sectors were going bankrupt by the day, and this ability to bring in a steady stream of money seemed to have spilled over into the P2E space. That is, until the bull market was over and crypto was staring down the barrel of the bear market. Since the market decline, P2E tokens have taken the most hit. This has spilled over to NFTs, and their trading volume took a nosedive. As a result, earnings from NFTs are now lower than they had been in previous months. Thus arose the need for an alternative way to earn from NFTs, without being wholly reliant on speculative markets. Blockchain game Cradles is one that has come forward with a new system that allows investors to earn from NFTs without having to hold it themselves. Staking NFTs For Gameplay NFT staking is no longer a new concept in the blockchain gaming industry. Various games in the space have adopted an NFT staking system to allow players to earn passive income from their NFTs. This not only provides earnings to the holders, but it also helps to ensure the value of the NFTs remains high by reducing the number of them being traded in the o...
