There are many dynamic examples of NFTs in the cryptocurrency space, including in-game elements that evolve as players progress, and digital artworks that are transformed by collectors' actions, time, or even the surrounding environment.
One of the first examples of dynamic NFTs was the unique work titled โCrossroad" by Mike Winkelman aka Beeple. The NFT was created before the 2020 United States presidential election and was supposed to change its appearance depending on the result. After Joe Biden became president, the image changed to show former President Donald Trump lying in a heap.
In 2022, the most expensive experimental NFT art project titled Merge by the pseudonymous digital artist Pak sold nearly $92 million in "mass"; tokens on the Nifty Gateway marketplace. The tokens are combined to form dynamic NFT collectibles that vary in part based on the number of tokens that have been combined. The artwork is generated on-chain using a custom script, similar to the popular NFT โArt Blocksโ.
Art Blocks is a platform for creating and selling generative art pieces that are represented by dynamic, non-expendable tokens. The artworks are algorithmically generated and can be customized by the owner, creating a unique piece of art.
asynchronous art is another platform for creating and collecting programmable art pieces that can change and evolve over time based on different inputs or external conditions. The art pieces are represented by dynamic NFTs, making them unique and valuable to collectors.
The Rarible permissionless NFT marketplace also allows for the creation and sale of dynamic NFTs. An example of a dynamic NFT on Rarible is the โCrypto Warriorโ series, which allows collectors to upgrade their non-fungible tokens with additional features and abilities over time.
"Organically Growing Crystal Reef" are dynamic NFTs that have evolved over time. Within a developer set period of three months, crystals grow in traits and transform their appearance based on transactions and time. Also, these crystals can be used in augmented reality (AR) and will soon have physical replicas on display in art museums.
Another notable example of dynamic NFTs is LaMelo Ball's dynamic NFT collectibles, which keep track of the professional basketball player's game statistics and change based on updates in his points scored, rebounds, and assists.
These are just a few examples of how the dynamic NFTs being created in the cryptocurrency space are being implemented. As the phenomenon continues to evolve, we can expect to see even more innovative and creative use of them.
