Presentation of dynamic NFTs

This article is by Manuel Valente, research director at Coinhouse.

For a long time, NFTs in the cryptocurrency market have been static objects: a Bored monkey does not change face or accessories. This is all changing with the arrival of scalable NFTs.

The most interesting example is that of the collection Cloning Xcreated by the project RTFKT. Initially you have the opportunity to acquire an NFT that represents a character with its intrinsic characteristics, eye color, hair and so on, which is also designed by the artist Takashi Murakami.

But after purchasing your NFT, you have the opportunity to buy some accessories: glasses, a hat, clothes or jewelry. And of course, your NFT’s image reflects the changes made – you can wear the latest trendy cap as you like and change its clothes whenever you want.

NFTs are therefore no longer static images who do not evolve, but characters who can develop a unique visual identity through fashion items. The brands are not wrong, in particular Nike which has invested heavily in the project and which intends to generate interest in its products.

Clone X goes a step further, as NFTs can also have virtual apartments to view them in, which can be modified at the convenience of their owner. And of course, Clone X plans to be able to use his NFTs as avatars in several metaversesrelatively simple.

Artist Takashi Murakami

Other projects are also working on dynamic NFTs. The idea is therefore to be able to modify the intrinsic characteristics of the NFT as a function of external events. For example, if the weather is nice, the background on which the NFT is displayed will be sunny, and if it rains, he can pull out his umbrella.

Basketball player LaMelo Ball has released his collection of dynamic NFTswhose appearance changes according to the actual performance of the player on the field.

A new generation of NFTs is therefore emerging: we will no longer have a static image that we can only collect, but a virtual character that can evolve in multiple ways, according to the will of its owner or external circumstances.

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