Recently, news about dynamic non-interchangeable tokens, or dNFTs, has been closely linked to news about Chainlink’s decentralized oracle network. At the end of January, the project announced the imminent launch of dynamic NFTs, writing on Twitter:
Dynamic NFTs can really break the traditional notion of non-exchangeable tokens, as such assets can change depending on external conditions. Updating and changing some of the metadata without losing the unique characteristics of the token is accomplished through the encoded logic of the smart contract that controls the data. Automated changes are encoded by the smart contract and send instructions to the token about under what conditions its metadata will change.
Chainlink plans to be the primary provider of the off-chain data and computing services used to generate dNFT updates. Chainlink emphasized that ownership of such tokens will be preserved through a persistent token identifier.
Nevertheless, the potential of dNFT is huge. Parameter changes will prevent owners from losing interest in the tokens, while not having to mine new NFTs to reflect each change.
In addition to the dNFT topic, also on February 1, Picardy Protocol, winner of the Chainlink Spring 2022 hackathon, announced that it will integrate Chainlink Automation, a service for Web3 developers, into the Polygon mainnet.
