I would advise against starting a hobby for the sole purpose of being passed down to your daughters. Find a hobby that interests you and just do it. If your daughters like it, they can join the fun, but be open to the fact that they may not have the same interests as you.
My dad started collecting stamps so he could pass it on to me. Because I loved my dad, I worked this horrible, awful, messy, pain in the butt hobby for years and years. College was my escape and now, nearly 25 years later, he wants to give me three bookcases filled with his stamps. I finally had to tell him that I don't like stamp collecting and I did it just because I loved him. He understood and we had a good laugh. He'll give the stamps to a local university.
This is not to say that you shouldn't do fun things together, like cooking, learning to sew, quilt, gardening, etc. My sons and I share a passion for reading and movies and we do this together all the time, always discussing what we've read or watched. Help your daughters develop their own hobbies and join them. You'll get a very different perspective on what your daughters like and don't like and learn a lot about them in the process.
Food for thought...