Breeding NFTs | LETS TALK NFTs
Breeding NFTs is a mechanism in which two breedable NFTs breed to form a new NFT offspring. Think of two animals breeding to create offspring to understand how the mechanism works.
NFT project creators and startups employ NFT breeding to create long-term utility for collectors of their NFT. Rather than depending on the ever-shifting value of NFTs based on public sentiment, project creators go a step further to create real methods and ways in which collectors can benefit from buying their NFTs.
Breeding NFTs to get a new NFT (that's usually seen as more valuable and unique) is a significant way for collectors of an NFT to gain more from their initial investment. When a project uses NFT breeding to create utility for their NFTs, some or all of the NFTs in the collection of games are made to be breedable.
Generally, each NFT in a collection or game is unique and distinguishable from others. This is how they're perceived as valuable. When the NFTs are breedable and breed with another breedable NFT, what results is a new NFT that did not previously exist. This NFT will possess a combination of the unique features (usually the best traits) of the parent NFTs.
Because of these unique features, the NFT offspring is a rarer and more unique NFT, increasing the collector's portfolio value.
For NFT collectors, being a part of projects that utilize breeding NFTs provides two main benefits.
One is the opportunity to own rarer and unique NFTs. In the NFT community, the rarer the features of an NFT, the more valuable it's perceived to be. Because of this, when a collector breeds two NFTs and gets a rarer offspring, he receives an NFT that's even more valuable than the parents he originally bought.
The second benefit is that collectors will be able to earn passive income through breeding NFTs. Collectors can routinely breed NFTs to create rarer offspring and sell them while holding the parent NFTs they originally invested in.
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