Unique’s latest use case of Dynamic NFTs as Proof of Presence Badges at worldwide events is making waves in the NFT Polkadot ecosystem, showcasing how NFTs can evolve to reflect real-world experiences and highlighting the potential of these interactive assets to bridge digital and physical worlds.

The Emergence of Dynamic NFTs

NFTs are multi-purpose, customizable, and versatile digital pieces that live on the blockchain. From Real-world assets (RWAs) to digital art, music, digital certificates, fashion, and in-game items; the opportunity to revolutionize your project has never been more at the forefront of your dreams.

To see the impact NFTs have had, in 2022, the global NFT market was valued at approximately $20 billion, and it's projected to reach $211.72 billion by 2030.

Now with the emergence of Dynamic NFTs, they have added another (albeit, truly exciting!) layer to the NFT landscape.

Dynamic NFTs (dNFT) also known as Live NFTs, are an NFT standard that can change and evolve over time, based on pre-set conditions or user interactions. How this differs from regular NFTs is simple: Static NFTs stay the same once minted and cannot be changed. Whereas Dynamic NFTs can change even after they’ve been minted.

This dynamic effect transforms NFTs from static collectibles into living digital items that offer continuous user engagement and interactivity.

What Makes an NFT Dynamic?

We know that Dynamic NFTs change, but how does it work in different settings; environments and perhaps using real-world examples?

Imagine in the Polkadot ecosystem, you have a Dynamic Flappy Wud game character. That character in the game grows over time, through user actions, and throughout the game. Your character will level up, complete challenges, gain experience points, and even collect items (which can also be NFTs!).

Outside of the Polkadot ecosystem, this can extend to a vintage car. Your car represents the Dynamic NFT but can be changed based on maintenance records, the market value, specific details like color, and how many miles it has had over time.

Key Features

Dynamic NFTs have a range of key features, such as:

  • Real-Time Updates: Dynamic NFTs evolve based on real-time data inputs, user interactions, environmental data, or even time-based conditions. For example, a sports collectible might update to reflect a player's current stats.
  • Interactivity and Higher Engagement: By using real-time updates, users can experience a more engaging and interactive experience, such as in gaming, music, or digital art. An example of this could be a sports fan club, and fans join by collecting one of the NFTs; completing tasks, quests and following players online.
  • Adaptive Design: Changes are reflected in real-time, with no delay. Need to change the color? Shapes? Or specific metadata like weather changes? This is where Dynamic NFTs come into play.
  • Personalized Experiences: They truly offer a unique experience to a wide range of audiences, making the NFTs a more relatable feature vs a boring NFT.
  • Conditional Ownership: Conditional attributes allow users to restrict access based on specific requirements. An example of this could be a concert ticket; whichever name the ticket is addressed to, can enter the concert. Otherwise, if the data is unmatched, they cannot enter.
  • Programmable Expiration: Since Dynamic NFTs can be changed, we can also look at them to expire whenever we want after a set period or a specific event. Want to create a coupon code that changes the % off based on your interactivity levels with the platform, but also adds an expiry date of 2-4 weeks? The possibilities are endless.

Dynamic vs Regular (Static) NFTs: The Pros and Cons

When comparing regular, static NFTs to Dynamic ones, we can make the obvious difference by their main utility and value proposition. Static NFTs stay the same once created and Dynamic NFTs meaning that they can change based on certain conditions and user actions, etc.

In our infographic below, we highlighted the main key differences between static and dynamic NFTs to give you a better understanding and clearer image in mind.


Dynamic NFTs’ Extraordinary Use Cases

For example, in the digital art world, artists can create dynamic art that changes or evolves over time or in response to viewer interactions, and evolving art pieces. The opportunities are endless.

Evolving Dynamic NFTs as Proof of Presence tokens at events worldwide

In the summer of 2024, we collaborate with a project to unify Proof of Presence Badges within the Polkadot ecosystem, leveraging Dynamic NFTs for real-time updates, interactivity, adaptive designs, and easy-to-implement programmable elements.

To ensure everything went according to plan, we needed:

  • A Dynamic NFT metadata standard, naturally compatible with the standard NFT metadata format
  • A management tool for Dynamic NFTs (creation, modification, deletion, transfer, etc.)
  • A service that supports the state of Dynamic NFTs
  • A tool for retrieving Dynamic NFT data and a mechanism for responding to changes in Dynamic NFTs

We recognized that Dynamic NFTs fit perfectly for this use case as a multi-pass NFT for event engagement, allowing the creators to modify one NFT with another, and store information about a previous NFT claim on-chain.

Alongside this, Unique is also working on a metadata storage model for Dynamic NFTs to establish a standard similar to EIP or PSP, enabling Dynamic NFTs to be compatible with the standard NFT metadata storage style.

The goal: To foster community engagement and promote sustainability within the Polkadot ecosystem.

Products used from Unique’s side:

  • Dynamic NFTs (Advanced NFT format)
  • Sponsorship pallet and minter
  • Transaction handling

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Need more inspiration with Dynamic NFT use cases? Check out our few ideas listed below:

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You can learn more about all the interesting use cases and ideas here.

How to Create Dynamic NFTs with Unique!

Are you a developer or creator looking to build interactive experiences? Dynamic NFTs are designed to elevate your applications with real-time adaptability. To make it easy, we’ve crafted a quick video guide to help you get started:

If you need any additional help, the following resources will come in handy:

Final Thoughts

The world of Dynamic NFTs opens up a myriad of possibilities within the Polkadot ecosystem, enabling brands and franchises to give their users and communities a truly unforgettable experience.

We believe in the power of digital assets (more specifically, advanced NFTs) and envision a future where one day, everyone will interact with an NFT in some shape and form, all while the underlying blockchain technology works behind the scenes.

As the technology grows, we’ll likely see more applications using Dynamic NFTs to engage their audiences and users and create new revenue streams and relationships.

Join the Unique Ecosystem!

Unique Network is the number one next-generation NFT chain for Polkadot and Kusama, bridging the gap between Web2 and Web3 by giving you all the necessary tools and platforms to achieve your dreams as easily as possible.

Step into the world of Web3 with the NFTs 2.0 CodeCraft Grant Fund, complete with unlimited advanced NFT features built for today and the future. Build your unique dApp or Micro dApp, join a community of developers, and get direct support for your project.

Learn more about the dApps and projects actively using Unique Network today:

dApp

Description

Visit Page

Conor Daly Insider Pass

A unique Digital Insider Pass to promote Fan Engagement in Web3 and bridge non-crypto natives to the Web3 world.

www.conordalypolkadot.net

Sovereign Nature Initiative

One-of-a-kind Proof of Attendance Badge on the Blockchain, that evolves into an exclusive DOTphin NFT.

www.sovereignnature.com

DED Games

A brick-breaking game, showcasing NFTs to gamers as they try to complete challenges and reach the leaderboards.

www.ded.games

Forever Has Fallen

Bringing Bounty Hunter Tickets as NFTs to gamers, unlocking challenges, riddles, and an exclusive lair to those who seek.

https://foreverhasfallen.com

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