What are Dynamic NFTs?

submitted 2 years ago by tompeter1123 to cryptocurrency

What are Dynamic NFTs?

Dynamic NFTs are a category of NFTs that are capable of changing their metadata external conditions. That is, dynamic NFTs can evaluate on-chain and off-chain data and respond accordingly with the help of smart contracts. This way, the NFT can develop and evolve over the course of time. Dynamic NFTs can be used in NFT games to record the progress of the player, and in NFT sports marketplaces to change as player stats evolve. They can also be used to create artwork that can change depending on the situation. The possibilities are endless.