Dynamic NFTs (dNFTs) utilize smart contracts and real-time data from oracles to evolve based on external conditions, such as weather, sports results, or asset prices. Let's go into the details of how to create one 😉
games, thanks to the Chainlink Verifiable Randomness Function . In-game items and traits are randomly distributed through the use of VFR, thereby determining the coveted rarity rating of different items.Oracles play a pivotal role in dynamic non-fungible tokens. These collections of nodes provide and validate external data for, which also include dynamic NFTs. For instance, an oracle can send external data to the smart contract that is the dynamic NFT.
The opposite is true for dynamic digital tokens. They are sometimes also called dNFTs or living NFTs. Their modifiable metadata makes them interactive and responsive, which enables different and broader use cases than static NFTs have. Oracles transmit data to the non-fungible token without prompting the creation of a new one. The old token is modified, which makes the dNFTs a perfect match for use cases that require regular updating of data.
Static NFTs, on the other hand, cannot be changed or modified. This makes them more secure, more lightweight and more compatible with many existing protocols and systems. Since the number of transactions has no influence on the creation and storage process of these NFTs, they are a better fit for verification purposes. All of the metadata is stored in a single file for these types of NFTs.The creation of a dynamic NFT can add value to an NFT collection.
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