How to Create a Dynamic NFT

What is a Dynamic NFT

Before diving into dynamic NFT development, let's understand a dynamic NFT (dNFT). It is a relatively new term in the Web3 domain. It differs from a non-fungible token (NFT) in terms of the dynamic nature of its meta-data.

Non-fungible objects cannot be replaced or exchanged for something of similar value. Thus NFT is a unique digital asset on top of blockchain technology that may and usually represents ownership of real-world items like art, music, paintings, and more. Thus, if you own an NFT of some object cryptographically you are the owner of that particular object.

Dynamic NFTs help NFTs to keep their unique IDs intact/unchanged while also getting updated meta-data info. They are NFTs with traits and data having the ability to be changed or updated based on certain events and hidden features.

Learn More About Dynamic NFTs

Buzz Around d-NFTs

Static NFTs have a limitation. Once they are registered on the blockchain, you cannot change their meta-data such as videos, images, or music is set. This is the most basic yet crucial limitation of static NFTs. d-NFTs address this limitation.

A dynamic NFT can change its metadata based on some sort of external conditions. Smart contracts trigger this change in metadata. You can encode automatic change by providing instructions regarding metadata change in a smart contract.

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Potential Use Cases

We have listed the following cases of NFTs changing dynamically:

--LaMelo Ball NFTs -> (Gold Evolve NFT - dNFT created by LaMelo Ball, an NBA star leveraging Chainlink Sports Data Feeds) had a promise: If LaMelo Ball won Rookie of the Year 2021 NBA, the NFT itself would evolve to reflect a new image. LaMelo won it & the corresponding NFT evolved/ the image corresponding to NFT changed.

--Suppose you are a game developer incorporating NFTs representing characters in your game. And if you wish to change an NFT meta-data on certain conditions like if your character gets an additional skill upgrade / gets experience in some ways, you can change its image reflecting the skills or experience added.

--Similar to online digital games, it is useful for tokenizing real-world objects as well. Like suppose you own a luxurious car like the Lambo Aventador, the NFT could reflect its history, list of previous owners, km/miles driven, upgrades done, and more. Tokenizing such an object requires the ability to upgrade the NFT with its changing meta-data.

--These are just a few examples, changes to d-NFT's meta-data are/can be triggered by many on & off-chain events, which certainly gives it a huge potential in the coming times ahead.

Also, Visit: A Quick Guide to NFT Development on Solana Blockchain

dNFT Development

We have understood a dNFT and its uses. Now, let us understand how to create one.

The most crucial factor in creating a dNFT is how to incorporate the information and functions necessary to build a secure, fair, and automated dNFT process. dNFT metadata changes can be triggered by both on and off-chain events. But, blockchains are inherently unable to access off-chain data.

Here, ChainLink Data Feeds come into play. It is an off-chain data delivery service that can securely deliver election results, weather data, or any data used to update a dNFT. Additionally, Chainlink provides connections between any API and an NFT smart contract through Chainlink Any API for unique data in a project.

Also, Read | Real Estate NFTs: Everything You Need to Know

Chainlink Automation

It is a secure smart-contract automatic service that is used to trigger dynamic NFT changes when certain set rules or predefined conditions are met. For instance, a digital game that triggers visual changes in character card NFT when a player reaches a certain threshold, such as 1000 experience points or when a new skill gets unlocked.

Combined with Chainlink Data Feeds and Any API, Chainlink Automation provides a simple way to build autonomous and decentralized NFT processes. It helps to ensure that user-owned d-NFTs will work exactly as they are programmed to do on hitting certain defined thresholds and conditions.

For more information on dynamic NFTs, contact our blockchain experts.