Dynamic NFTs are the next frontier of the ERC-721 standard. Why, you ask? Well, ERC-721 standard represents the static NFTs that were the first generation of digital collectibles. Dynamic NFTs, on the other hand, are capable of changing their appearance based on off-chain data feed. For example, you can program your dNFTs to display live weather updates or a soccer match’s live scores or anything you could think of. We are all aware of NFT avatars in games, virtual environments etc. Now imagine adding dynamicity to these characters in a way in which they can exhibit traits based on their positions in a game or follower count in a social media account etc. NFT creators/collectors are gradually warming up to dNFTs because of their extended use cases. As dNFTs hold the potential to be the next big thing in the web3 space, let’s have a look at some of the rising and innovative dynamic NFT projects that are taking the game to the next level.
Let’s get right into it!
Altered State Machine x FIFA
The partnership between Altered State Machine (ASM) and FIFA arrived just as the FIFA World Cup 2022 was approaching. FIFA in collaboration with ASM created an AI-enabled metaverse-focused game called AI League that allowed players to predict FIFA matches and compete against each other to earn exciting rewards. However, as FIFA is already over, players can now create their collectables team and lead them to victory in the metaverse. The best part about this collaboration is the ASM brains and Non Fungible Intelligence. Well, they both are ASM technology that can be used in digital avatars/characters, games, metaverse platforms, to infuse life (dynamic elements) into your digital avatars and gaming experience.
“The possibilities with ASM brains are endless as they are interoperable across games, avatars, forms, and different worlds. With training, they can evolve, learn, and are also capable of improving their skills” said Altered State Machine.
Yuga Labs Otherside
Yuga Labs needs no introduction thanks to the insanely popular BAYC, MAYC, and Cryptopunk NFTs that emerged from this house. Their Otherside metaverse, which they announced earlier this year, is also going to join their “hit” list. But what exactly is it? Well, the ApeCoin-powered metaverse, Otherside, is Yuga Labs’ metaverse space developed for digital community building and ownership opportunities. Over 10,000 people can engage with each other in Otherside at once and interact via natural voice chat option.
The most intriguing aspect of Otherside is “Otherdeeds”, which are virtual plots of land in the form of NFTs that can also be traded on secondary markets. There are only 200,000 parcels and owning one is necessary to get access to exclusive Otherside events. The fact that Otherdeed NFTs are dynamic in nature and will evolve based on the user’s in-game behavior makes them more fascinating. Moreover, users may also get to encounter artifacts, various gaming elements, and mysterious living creatures in their metaverse.
The Association NFT
The Association NFT is an NBA project that comprises 30,000 dynamic NFTs in the collection. It was minted for the 2022 NBA playoffs and had 125 editions per player. As they are not the regular non-fungible tokens, The Association NFTs are capable of changing appearance over time as per a team’s or a player’s in-game performance. The dynamic elements may include player accessories, emoticons designed by artists, and various backgrounds. NBA uses Chainlink Oracle to fetch live data feeds to update live performance of players so the changes may reflect automatically in the NFTs.
Life In Our Minds (LIOM)
Life In Our Minds touts itself as one of the most innovative dynamic NFT projects to date. It’s mainly because how rare the NFT evolves depends completely on how its owner interacts with or influences the asset. While some of LIOM NFTs properties are predefined (like number of Boids, evolution speed, and shape), others get influenced by the owner’s wallet. This gives the holders a reason to not trade their asset and hold them until it evolves into something rare. LIOM NFT consists of two main parts; first is the Boids which are an animated NFT collection, whereas, the second facet is the Mother Flock which represents a generative video sculpture. One interesting fact about Mother Flock is that the image it displays to its user represents the current behavior and psychology of humans and birds. LIOM started to roll out the NFTs for collectors on 25th October 2022. Check them out here.
Quirky Soul College
Quirky Soul College launched the first dynamic NFT game on the Neo N3 blockchain that allows users to level up their NFT characters as they progress and increase their powers to complete the missions. They minted 10,000 dynamic NFTs (which began on October 31t) that have 7 visual traits, 1 secret hidden trait, and 6 abilities. Players also get to earn Fresh Dark Elixir (FDE) tokens as they play with Quirky NFTs which they can later use to participate in various missions, heal their characters, and interact with the Quirky Soul College world. Have a look at their whitepaper to know everything about their dynamic NFTs, token, their character features, and much more here.
In Closing
There’s no doubt that dynamic NFTs have opened up a lot of new use cases that both popular legacy brands and web3 brands are utilising. Unlike static NFTs, dynamic NFTs have the power to change their appearance over time which sets them apart from the traditional ERC-721 standard. We’ve listed a few of the dynamic NFT projects that you can check out in this blog and see how they’re leveraging this outstanding technology to make an impact in the industry. In case you’re wondering how you can program an NFT, then have a look at our free simulator that allows you to change the properties, images, and automate your NFTs seamlessly.
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Top comments (1)
Heyo!
This is an awesome post! 🔥
In fact, the topic of your post would also work really well in the Meta Punk Community too!
Metapunk Community
We’re a community where blockchain builders and makers, web3 devs, and metaverse creators can connect, learn and share 🦙
Meta Punk is a really cool international NFT and web3 community where artists, web3 developers, and traders can connect, learn, and share exciting discoveries and ideas. 🦙
Would you consider posting this article there too? Because Meta Punk is built on the same platform as DEV (Forem) you can fairly easily copy the Markdown and post your article there as well.
Really hope that you'll share your post with the community there and consider browsing the other Forem communities out there!