BACKED NFT REWARDS
Backed NFT rewards are delivered every quarter for completing sets and to collectors holding a Fellowship or Pixl-Pal in their collection.
Backed NFTs are unique art or collectibles that can be burned to claim their WAX value and are distributed every quarter and after qualifying drops.
Why backed rewards? It's my personal belief that in order to maintain value in an NFT eco-system scarcity is essential. There is no limit to the amount of NFTs that can be minted by anyone project therefore it is inevitable that value, user interest, and the overall economy can suffer. In real-life, collectibles degrade, get lost, and are limited resources. That's not the case with NFTs. They last forever, thus limiting mint numbers and rewarding collectors with a token they can burn can increase the value of the collection overall.
And if you don't believe the value of WAX, and its collectibles will continue to increase, well... you might be on the wrong blockchain.