Cross-Chain NFT Staking Goes Live on Enterprise DAO for Cosmos Blockchains
Enterprise DAO, powered by Terra Money, has introduced cross-chain NFT staking for several Cosmos blockchains, including Terra, Stargaze, Juno, and Terra Classic coming soon. This innovation allows NFT holders to stake their digital assets across different platforms to earn rewards and privileges.
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Benefits of Cross-Chain NFT Staking on Enterprise DAO
- Streamlined NFT Staking: Stargaze and Juno NFT DAOs leveraging Ark Protocol can now enjoy one-click staking with no complex setup procedures.
- Advanced DAO Features: Enterprise DAO offers advanced functionalities like voting, treasury management, and rewards distribution for NFT-governed DAOs.
Terra Luna Classic Upgrade to Support Enterprise DAO
- The Terra Luna Classic (LUNC) community recently approved a proposal for the v2.4.2 upgrade. This upgrade paves the way for integrating dApps like Enterprise DAO on the Terra Classic blockchain, scheduled for March 25th.
- The LUNC revival efforts include token burning, staking, and attracting new developers to build applications on the chain.
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Impact on Token Prices
- The broader crypto market sell-off has impacted token prices related to this news. Terra (LUNA) and TerraClassicUSD (USTC) both experienced price drops in the last 24 hours.
- LUNC price, however, saw a surge in trading volume despite the price decrease.
Overall, this development signifies a significant step forward for NFT utility and cross-chain functionality within the Cosmos ecosystem. The upcoming integration of Enterprise DAO on Terra Classic offers a potential path for LUNC revival.
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