Will Dynamic NFTs Start The Next Bull Run?

TOKEN2049 Singapore 2022 · September 2022 · 12:52

Fancy Bears Metaverse co-founder Bartek Sibiga asks whether dynamic NFTs, tokens whose traits and metadata change over time, can drive the next market cycle. The keynote covers how evolving NFTs differ from static collectibles, what they enable for games and communities, and the standards questions they raise. Given at TOKEN2049 Singapore 2022.

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From TOKEN2049 Singapore 2022, hosted by TOKEN2049.

Transcript

hello everyone my name is bartek shiviga and I will be talking about Dynamic nfts why I believe it is a future and why I believe it will start the next Bull Run and we know what we're doing because we sold nfts for over 10 millions of dollars working with binance and crypto.com so let's start we as humans get used to buy physical stuff we're buying fancy clothes cars watches but the thing is it is not that cool anymore because there's a lot of people buying pixelated art all those golden Apes we by we me and my partner on over 14 apps so that's part of our collection and the question is why people are buying those

why we spend millions of dollars for those to the monkeys and even more important question is why we all I mean you all will be buying nfts in the future so let's go with some statistics we spend more and more time in social media average it is 4.5 hours a day so this is more than we spent with friends than we then we do a lot most of the stuff we do less than 4.5 hours a day but what is even more important over 60 percent of Generation Z and Millennials believe that how they present online it's more important than how they present in person so you see this big

digital pivot where you care more about your LinkedIn profile Instagram profile than how you look like in the real life and because of this pivot I believe the next Amazon won't be selling books but will be selling nfts will be selling digital Goods that doesn't exist in real life so coming back to those 2D pictures you know I love my apes they're really really cool but I have to agree with Snoop Dogg and he said something like this that those monkey cities there forever and they look kind of bored because they are bored and we as human we want to have something more we want to develop it we want to have more fun

and there is where Dynamic nfts are coming so Dynamic nfts literally means that you got nft that can change metadata in time so you can change the image you can change the video you can change whatever content the nft is pointing to so for example with the dynamic nft you can create your personalized digital identity you can develop it in time you can change everything and you can also what is really important at utility and this utility can be everything access Experience tickets whatever you want to add to your to your identity

so this example from the training it's coming from the gaming let's say we got nft uh from the game so this is a character right and we're gonna level up this character so we just level up level one now it's level 15. so we need to change the metadata then we want to add a new weapon so we are adding another nft we are changing I'll know the the ball and putting the sword or we are changing the whole profession of this nft but what is even more interesting is a real live use case of dynamic nfts so let's say we got the house and this house gonna change in time someone might like to change the door someone might like to change the roof and if we got a

free discount of this house which nft has a proof of ownership is pointing to this it have to also change so it has to be dynamic we on the other hand build something different we call it the trade Swap and the trade swap is dynamic nft infrastructure which allows you to build your digital identity to change your 2D and 3D avatars profile pictures by adding new nft on top of the base one so you can see it on the video this is example of the app which is done for the board API Club so we can see here you are picking the ape and you can mint a new background you can mend the new trades like ours or you can add a new HUD

and what is really important all those nfts you are minting those are separate nfts so you need you can sell it on the secondary Market you can hold them or you can just put it on your nft and how it technically work we got the erc721 token which is our base nft and then we got erc1155 so those are those variables that we're putting on top on our base nft and in this case I don't know if you see but this is a McDonald t-shirt and a McDonald's hat and I think it would be really cool like really cool employee branding campaign for the McDonald to give all their employees nft like this like like a t-shirt and the hat I know a lot of crypto Bros will

just go to work to McDonald just to get those nft and put it on on their app if you like the smoked cigar and you want to have a proof of ownership of your a but also other show that you are smoking cigars no problem if you want to have a cool clothing on the a-fest it is is also not a problem what's really important about this whole infrastructure is interoperability what does it mean if we take a glasses those glasses not only apply for the Border but also for fancy Bears Doodles azuki and all the other projects we on board and we are planning to onboard everyone maybe not everyone but all the blue chips and all interesting projects into the infrastructure so here you can see

it even better we got the hoodie and the cup and you can see it will automatically adjust to whatever pfp we got onboarded on the platform so so the bear is obviously a bit bigger than the ape and you can see it is automatically adjusting here is another example so so the wizard you can see here this is a trade we did with gate IO exchange uh I think it is not not yet online but yeah you can say it's a bit different right bear is bigger so it is a little bit different metaverse is another Hot Topic you probably everyone knows it and JPMorgan and goldmans are they they they estimate it's gonna be worth you over one billion

dollar in 2013. so this is not far away right and guess what the trade swap is even better for the metaverse than it is for the two the nfts that's why right now we are creating a 3D fancy Bears that's gonna be added to the already existing nfts and we are creating a 3D trade swap so you can have your avatar and then on this 3D avatar you can put the t-shirts from your favorite brands or you can swap the trades and then you can take this Avatar to whatever metaverse you want you can take this Avatar to games just imagine you got your bear wearing a Louis Vuitton t-shirt taking it to FIFA and playing against Lewandowski and all those other

famous players so we're gonna have a bear with Louis Vuitton T-shirt with FIFA because that's yours you own it because this is your dynamic nft and the most important part I think of this presentation is the utilities so because it stress is a separate nft you can add a different utilities and this can be an access this can be a ticket physical product discount whatever you want for example with Festival once you buy their trade you got free tickets to their event another example we're working with art style this is the biggest community of nft in Dubai and once you hold their hoodie no matter is it on your doodle board day azuki you got access to all the react parties

and this is very important because what we can do is we can connect different communities by their interest and passion so let's say I'm a fan of Real Madrid to be honest I'm not but for sure someone here is so let's say I'm the fan and first of all Real Madrid don't have to give utility to call board a vehicle because most of the people in Boardwalk Club don't care about football so they can give utility to all the communities that exist in the space give them this t-shirt or allow them to mend this t-shirt and Target their true fans and what's really cool for those fans they will be connected to True fans of of

Real Madrid they will have the same benefits and it can be again a ticket it can be everything so we build this Dynamic nft infrastructure which is which is purely web free technology so you can see a lot of smart contracts connected and depending on each other I know it is complicated I used to be a programmer and for me it's also complicated but what is the most important it gives you an endless opportunities so everyone can build something on top of this infrastructure and whatever you imagine you can try to build with Dynamic nfts so we are patenting on we applied for the patent in U.S and in Europe and we did it because this infrastructure will

be also Revolution for the brands so as we know there are a lot of Brands who try to enter the nft space I own the biggest influencer marketing agency in central eastern Europe so trust me all the brands want to be in web free they don't know how they don't know what to do but they're trying to be and it is not easy to create your own nft profile but with technology we are providing you can do it risk-free because you don't have to do separate collection you can just Target already existing communities you can just do something for those communities and you can do a really small drop it can be only with art style I think we're doing only 80 nfts so it can it can be small you can start small

and you can expand so this is totally risk free and then you can give whatever utility want right now with one of our clients we are testing this whole concept which I believe is gonna be huge as well that you can buy a digital nft which is which is a trade like this t-shirt this jacket and then redeem the physical one right so you're buying this then you are getting the physical one and you can see uh the video of uh what is happening right now in in digital store in the New York GM guys I'm right now just in front of a diesel store in New York City and I'm super excited to see what they got inside let's go Miami

[Music] Singapore Central Bay London Sri Lanka India Casablanca Russia Greece Switzerland nice so we are right now talking with around 20 brands from different Industries mostly of course fashion because this is the easiest to implement and the easiest to understand for them and I'm sure the dynamic nft is the future the next nft run will be about Dynamic nft we will see millions of people swapping trades

developing their digital identities building something on the dynamic infrastructure and we want to be the part of this future we want to be we want to even shape this future so guys make sure you don't miss out on this because I might be right thank you so much I still got three minutes can I maybe someone want to ask a question or by the way we because this is a presentation about Dynamic nfts we we are also now raising the funds so if anyone is interested to talk with me I'm here for you guys and trust me people want Instagram and Tick Tock will integrate nfts the mainstream and people would get crazy about it you will see a

lot of newcomers coming and with all the brands with the exchanges we work with we can really spread the deduction and this is also one of our really important goal to spread adoption of nft and crypto to the mainstream and the masses thank you so much