NFT Staking — A unique and innovative way crypto investors use not only to buy non-fungible tokens but earn rewards and other privileges by locking them on a platform or protocol — has just gone 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 unlocked the cross-chain functionality for Cosmos chains by launching the cross-chain NFT staking. The Terra-powered platform helps to easily and efficiently create, manage, and grow DAOs within Cosmos. In January, the platform enabled cross-chain token staking for Terra and non-Terra tokens.
Cross-chain NFT staking is initially 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 rewards distribution.
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Terra Luna Classic to Get Enterprise Support
Terra Luna Classic unanimously passed the proposal for Terra Classic v2.4.2 upgrade. This upgrade will introduce IBC-Hooks to the chain to enable the onboarding of dApps on the Terra Luna Classic, most notably Enterprise DAO. The upgrade is scheduled for March 25.
The community-led chain plans to revive LUNC and repeg USTC to $1 with various efforts including token burn, staking, and others. The narrative toward utility recently gained amid new developers revealed by developers groups.
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Terra and Terra Classic Tokens Price Performance
Terra (LUNA) fell 11% in the past 24 hours amid broader crypto market selloff. LUNA price currently trades at $0.944. The token gradually losing all gains it made in the month.
LUNC price also tumbled, with 13% drop to $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 past 24 hours.
Meanwhile, USTC price fell 11% in the past 24 hours, with the price currently trading at $0.0309. The 24-hour low and high are $0.0299 and $0.0347, respectively.
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