Main Takeaways NFT derivatives are NFT collections that look extremely similar to popular NFT projects.
However, there are many reasons why a digital creator may decide to create a derivative project.
While there are NFT derivative projects created without the intention of building long-term value or an active community, not all derivative projects are cash grabs.
For instance, both Noodles and Jenkins the Valet are derivative NFT projects that have built long-lasting value and received support from the founders of the original collection.
Now that you’ve gotten a crash course on what a derivative NFT is and how to spot one, always remember to DYOR, don’t give into the fear of missing out (FOMO), and ensure you’re familiar with the risks before purchasing any digital asset.

Source - https://www.binance.com/en/blog/nft/everything-you-need-to-know-about-nft-derivatives-8218050223473231524?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

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