> For the complete documentation index, see [llms.txt](https://erd-launchpad.gitbook.io/erdlaunchpad-or-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://erd-launchpad.gitbook.io/erdlaunchpad-or-whitepaper/staking/staking-elrond-nfts-soon.md). # Staking Elrond NFTs Soon **What is NFT staking and how does it work ?** NFT staking is a new way to generate passive income in the crypto world. It allows NFT holders to lock their assets onto our platform to receive rewards. All this without the need to sell their NFT collections. NFT staking relies on the Proof of Stake mechanism to reward participants. By locking NFTs, users can receive rewards based on annual percentage yield (APY) and the number of NFTs staked. On an individual level, NFT staking can benefit investors, as the overall supply tends to be lower. However, in a broader context, NFT staking brings new use cases to NFTs that go beyond the simple collectible. We are going to develop our staking platform, it will be available in the next few months, NFT collections on Elrond will be able to offer rewards for their Holders by staking their NFT on our site. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://erd-launchpad.gitbook.io/erdlaunchpad-or-whitepaper/staking/staking-elrond-nfts-soon.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.