Introduction:

Discover a new way for crypto investors to engage with non-fungible tokens (NFTs) through an innovative method called NFT Staking. This process not only involves purchasing NFTs but also locking them on a platform to earn rewards and special benefits. Now, Enterprise DAO, supported by Terra Money, has introduced cross-chain NFT staking for Cosmos chains, including Terra, Stargaze, Juno, and soon Terra Classic. Let's delve into the details of this groundbreaking development.

Enterprise Protocol Unveils Cross-Chain NFT Staking:

Recently, Enterprise DAO introduced cross-chain NFT staking, expanding its functionality to Cosmos chains. This move facilitates seamless creation, management, and expansion of DAOs within the Cosmos ecosystem. Earlier, the platform had enabled cross-chain token staking for Terra and non-Terra tokens, enhancing accessibility and utility.

Cross-Chain NFT Staking for Select Collections:

Initially, cross-chain NFT staking is available for specific collections on Stargaze and Juno. With the support of Ark Protocol, Stargaze and Juno NFT DAOs now offer simplified staking processes, advanced voting mechanisms, and efficient rewards distribution, empowering users with greater control over their assets and participation in governance.

Enterprise Support for Terra Luna Classic:

In a significant development, Terra Luna Classic has approved the Terra Classic v2.4.2 upgrade, incorporating IBC-Hooks to facilitate the integration of dApps, notably Enterprise DAO. Scheduled for March 25, this upgrade marks a pivotal step towards revitalizing Terra Luna Classic, with plans to enhance token value through strategies like token burning and staking activities.

Performance of Terra and Terra Classic Tokens:

Amidst recent market fluctuations, Terra (LUNA) has experienced an 11% decline in the past 24 hours, currently trading at $0.944. Similarly, LUNC price witnessed a 13% decrease, settling at $0.000150, with notable fluctuations in trading volume. Meanwhile, USTC price also dipped by 11%, trading at $0.0309, reflecting the broader trends in the cryptocurrency market.

Conclusion:

Cross-chain NFT staking represents a dynamic approach to engage with NFTs while unlocking additional rewards and benefits. With Enterprise DAO's innovative solutions and Terra Money's support, the crypto community can explore new avenues for participation and value creation within the Cosmos ecosystem. As Terra Luna Classic prepares for upgrades, the community remains poised for further developments and enhancements in token utility and ecosystem growth.