If you ever had doubts that people are eager to unlock the power of their NFTs, just consider the response to Binance’s Bored Ape staking program. Last week, Binance rolled out a new program that allowed users to stake certain assets under the Yuga Labs umbrella in exchange for APE coins.
Now, barely a week later, Binance has had to limit the number of assets that a single user can stake due to high demand.
Ape Holders Drive Demand
As per an official statement from Binance on December 20, 2022, users can only stake a maximum of 3 Ape NFTs each.
Source NFT Plazas