Most NFTs are known for representing something fixed: an image, collectible, membership token, or other digital asset whose defining characteristics remain largely unchanged after it is created. Dynamic NFTs take a different approach. They can evolve as circumstances change, allowing their appearance, metadata, attributes, or functionality to respond to new information.

NFTs introduced a new way for digital creators to sell their work directly to collectors. But one of their most talked-about features goes beyond the initial sale: NFT royalties.