1.3) Dynamic NFTs (DNFT)
Dynamic NFTs refer to the ability of an NFT to be modified while keeping its traceability on the blockchain. There have been NFTs in the past that were referred to as dynamic - some known examples were NFTs that change colors based on Bitcoin’s price or others that changed their image based on the day’s temperature. These, however, were only on-chain events triggering changes. In its chore it’s a fallacy to call truly dynamic since the token itself does not ever get modified and thus the conveyed content is still static - even though it would show “dynamic content” as opposed to static artwork.
In September 2022, One Mint - the world’s first No-Code NFT Launchpad - released its One Mint Genesis (OMG) DNFT collection to showcase a new paradigm for the Web 3.0 ecosystem. The OneMint Genesis collection showcases the technology with the intent to demonstrate what other companies can build.
The premise is simple: our technology allows you to swap or add traits on your NFT token when another NFT is “equipped”. All the data is stored on-chain allowing companies to build their own business logic while the assets are generated using our proprietary technology.
This is a shift in how NFT collections are created. Companies are able to create true evolving gaming assets, PFPs with wearables, lands, memberships and more. With this technology, NFTs are able to evolve (literally) as the project grows.
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