I am new to Cardano, I want some guidance from you guyz about this. Can someone please guide me that how can we stake NFTs in non custodial way in Cardano. I want to stake NFTs like the official staking mechanism of staking in Cardano. Like taking the snapshots of wallet assets, identify staked NFT and calculating and releasing rewards. Also how can i interact that all staking mechanism with my front end. Your guidance will be very helpful for me. Thanks in Advance.
Like Erik mentions, Proof-of-Stake is a consensus algorithm designed to secure the network. The concept of "staking NFT's" is something that NFT projects use to hype/promote/give usecase to their NFT's, but this is not done on a protocol level; meaning that not every NFT will have this "feature" and IF they have it, it still depends on how they implemented it.
You can implement a passive earn feature for holding an NFT, in common tongue this is called "staking" but this will never be part of the consensus. Maybe you can have a look at farming options like what DEX's are offering, like Wingriders or Minswap.
- deposit an NFT (or FT) in a smart contract
- based on the duration you'll earn X amount of Token Y