When we think of NFTs, we mostly think of static ape jpegs. But there's a new type of NTFs emerging: Dynamic NFTs. The problem with regular NFTs is that all the data they contain can't be updated. Many use cases such as tokenizing real world assets or building blockchain based video games require data to be constantly updated. This is where Dynamic NFTs (dNFTs) come in. They have a smart contract that allows it to automatically change its metadata based on external factors using oracles like Chainlink. Here's an interesting use case for a tokenized Tesla dNFT. Its metadata is constantly updating to reflect things like: - Mileage - Market value - Service record - Accident history - Ownership history This makes the car's history on chain and tamper-proof for both current and future owners. dNFTs have the potential to revolutionize many traditional industries. The next wave of the NFT boom is going to be based on real-world use cases rather than ape jpeg collectibles. Video source: Chainlink Follow 👉 Aram Mughalyan & share ♻️ this post if you like it.
This is the STUFF!! ❤️😎
Now, we're talking utility.
I always wanted to use NFTs in real estate and government or absolute documents but D-NFTs getting my hopes skyrocket. I thought i m too early than NFTs get recognised but now i got some hope.
Aram Mughalyan Dynamic NFTs sound like a game-changer! Real-world utility and constant updates open up endless possibilities beyond collectibles. Exciting future ahead! 🚀
Insightful I first heard about Dynamic NFTs during the Lacoste's UNDW3 season
Love this insight! dNFTs will truly bridge the gap between digital and real-world assets!
Very interesting! I watched an episode about NFTs the other day. So many people got scammed by their idols. It's a crazy world we live in.
This is decentralized future.
Aram Mughalyan finally someone is trying to unlock the true potential of NFTs!
https://www.linkedin.com/pulse/swiss-start-ups-tokenance-yurekai-join-forces-revolutionize-f0v4f