Discover and read the best of Twitter Threads about #dNFT
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Dynamic NFTs are the next generation of conventional NFTs
dNFTs are still in their infancy, learning more about them can make you an early mover on a developing narrative
We provide you with everything you need to know about dNFTs
🧵👇
dNFTs are still in their infancy, learning more about them can make you an early mover on a developing narrative
We provide you with everything you need to know about dNFTs
🧵👇
In this thread you will learn:
1. What are Static NFTs?
2. What are Dynamic NFTs?
3. How does @chainlink support Dynamic NFTs?
4. Potential use cases of dNFTs
5. Benefits of Dynamic NFTs
6. Should NFT projects use the Static or Dynamic NFT model?
1. What are Static NFTs?
2. What are Dynamic NFTs?
3. How does @chainlink support Dynamic NFTs?
4. Potential use cases of dNFTs
5. Benefits of Dynamic NFTs
6. Should NFT projects use the Static or Dynamic NFT model?
Before we get started...
You can find this thread as a blog post here: thecryptoilluminati.substack.com/p/dynamic-nfts…
You can find this thread as a blog post here: thecryptoilluminati.substack.com/p/dynamic-nfts…
1/ NFTs can be more than just static jpegs on a blockchain.
Dynamic NFTs provide a canvas for real-world utility.
A few dynamic #NFT (#dNFT) use cases:
Dynamic NFTs provide a canvas for real-world utility.
A few dynamic #NFT (#dNFT) use cases:
2/ The next step in the evolution of #NFTs is just getting started.
a dynamic NFT is an NFT that can change based on external conditions.
Changes to the NFT metadata are encoded in the smart contract that updates when predefined conditions are met.
a dynamic NFT is an NFT that can change based on external conditions.
Changes to the NFT metadata are encoded in the smart contract that updates when predefined conditions are met.
3/ NFTs can be programmed in an infinite number of ways.
For example, your #teslamodel3 from @elonmusk can be tokenized as a dNFT with metadata updated to reflect its service records, mileage, accident report, market value, and more.
For example, your #teslamodel3 from @elonmusk can be tokenized as a dNFT with metadata updated to reflect its service records, mileage, accident report, market value, and more.
