Popular cryptocurrency analyst Tyler Swope has revealed he believes the price of Chainlink (LINK) will surge in the near future as the project enters the non-fungible token (NFT) market with the release of so-called dynamic NFTs.
In a new video, Swope highlighted a Chainlink blog post from June of last year on the project’s strategies to mint dynamic NFTs using Chainlink. The blog post defines dynamic NFTs as:
Perpetual smart contracts that use oracles to communicate with and react to external data and systems. The oracle allows the NFT to use external data/systems as a mechanism for minting/burning NFTs, trading peer-to-peer, and checking state.
