NFT Staking – A unique and innovative way for crypto investors to not only purchase non-fungible tokens, but also earn rewards and other privileges by locking them into a platform or protocol – just got better. Enterprise DAO, powered by Terra Money, has now enabled cross-chain NFT staking for Cosmos chains including Terra, Stargaze, Juno, and soon Terra Classic.
Enterprise Protocol enables cross-chain NFT staking
Enterprise DAO has unlocked cross-chain functionality for Cosmos chains by launching the cross-chain NFT staking. The Terra-powered platform helps create, manage, and grow DAOs within Cosmos easily and efficiently. In January, the platform enabled cross-chain token staking for Terra and non-Terra tokens.
Cross-chain NFT staking has initially been enabled for select NFT collections on Stargaze and Juno. Stargaze and Juno NFT DAOs, powered by Ark Protocol, now offer one-click staking and no-code setup, as well as advanced voting, treasury management, and reward distribution.
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Terra Luna Classic receives business support
Terra Luna Classic unanimously adopted the proposal Terra Classic v2.4.2 upgrade. This upgrade introduces IBC-Hooks to the chain to enable the onboarding of dApps on the Terra Luna Classic, specifically Enterprise DAO. The upgrade is scheduled for March 25.
The community-run chain plans to revive LUNC and bring USTC back to $1 with various efforts including token burn, staking, and others. The usability narrative has recently increased among new developers revealed by developer groups.
Also Read: Crypto Exchange Joins Binance to Reduce Terra Luna Classic (LUNC) Trading Fees
Terra and Terra Classic Tokens Price-Performance
Terra (LUNA) fell 11% over the past 24 hours amid a broader sell-off in the crypto market. The LUNA price is currently trading at $0.944. The token gradually loses all the gains it made during the month.
The LUNC price also fell, down 13% $0.000150 level. The 24-hour low and high are $0.000148 and $0.000180 respectively. Moreover, trading volume has increased by 97% in the last 24 hours.
Meanwhile, the USTC price fell 11% over the last 24 hours, with the price currently trading at $0.0309. The 24-hour low and high are $0.0299 and $0.0347 respectively.
Also Read: Crypto Market Selloff – Top Reasons Why Bitcoin, ETH, XRP, ADA, SHIB Crash Today