How Utility NFTs Will Drive Mainstream Web3 Adoption
Similar to the unique benefits that NFTs can offer holders in a membership setting, the unique non-fungible nature of NFTs can provide holder-specific positions and benefits within the decentralized finance (DeFi) landscape.
At present, DeFi users often face periods of illiquidity when staking cryptocurrency to earn rewards. NFTs, however, offer an easily-tradable alternative, removing issues of illiquidity when users would otherwise have to lock up protocol tokens for fixed periods of time.