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.

Blockchain technology is often associated with cryptocurrencies, decentralized finance, and digital assets. But behind the headlines, traditional businesses are also exploring how blockchain can improve the way they manage data, coordinate with partners, verify products, process transactions, and interact with customers.

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.