The concept of yield farming has gained a lot of traction over the past year or so particularly because it enables crypto owners to stake their assets in return for tangible returns within short time windows. And while the thought of earning a profit on one’s investment may not be new at all, the idea behind yield farming — where users can earn rewards for making use of a particular DeFi application — is largely confined to the purview of the decentralized finance sector.

Also, much like yield farming, nonfungible tokens, too, have become extremely popular over the last couple of years. This is because these cryptographic entities — whose values are directly linked to a particular asset — are ideal for owning physical items such as artwork, property deeds, collectibles, such as CryptoKitties, as well as, digital commodities such as game skins, trading cards, etc.

Related: Yield farming is a fad, but DeFi promises to change the way we interact with money

How can NFTs be used within the domain of yield farming?

Ever since the Napster debacle from a couple of decades ago — that saw legendary rock band Metallica take on the file-sharing giant for allowing users to illegally download their music — came to light, conversations pertaining to digital content ownership and rights management have become increasingly more prevalent across the globe.

In this regard, over the course of 2020 alone, NFTs seem to have captivated the imagination of crypto
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