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Owl Protocol

Our standards are Smart Contract Primitives that can be combined to create amazing use cases for Dynamic NFTs.

1. Dynamic NFT Data

The most basic requirement for Dynamic NFTs is a standardized way to encode data in a way that is:

  1. Gas-Efficient

    We use a compressed binary format on-chain similar to MsgPack, with a schema JSON file hosted off-chain in an immutable datastore, such as IPFS.

  2. Flexible

    For our Dynamic NFT data standard we extend ERC721 with only the minimal methods necessary to store a single arbitrary length byte array of data per NFT.

    Instead of adding many non-standard methods like other custom implementations, we reuse existing methods such as baseURI and tokenURI to expose a standard JSON schema for the Dynamic NFT binary data.

    By combining the Dynamic NFT Data JSON schema and data, any developer can translate it into usable data.

  3. Decentralized

    Everything needed to translate and render the NFT is stored on immutable/decentralized datasources, such as on-chain or on IPFS.

    We also provide an open-source client-side SDK, which can be adapted to any platform or medium to allow fully decentralized ownership of NFTs and the data in a usable format.

For more information on how we store Dynamic NFT Data on-chain read: Key Concepts: Dynamic NFT Data

2. Dynamic NFT Logic

dNFT Logic

NFT Logic smart contracts govern how NFTs interact with one another, Logic is implemented by external smart contracts that can be used to create and chain rules about how certain NFTs behave when they interact or combine.

For more information on these mechanics, read: Features: Combining / Crafting / Breeding

3. Dynamic NFT Inheritance

When combining Dynamic NFT Data and Logic, a crucial requirement arises, how is the NFT data preserved or passed on to successive NFTs? There are many possibilities here, and all of them have good use cases:

  1. Upgrading NFTs - in this scenario the input NFT's dynamic data is modified. However, this is difficult to implement in a decentralized manner. One approach is to pre-define specific Upgrade NFT Logic smart contracts that have access to only modify specific traits, then revoke further approvals for such access.

    We'd expect access to these upgrade be gated in one of the following ways:

    • Consumable Upgrades - an NFT is consumed (burned) to activate an upgrade mechanic, this consumable NFT can be either purchased, or crafted by combining NFTs obtained by completing various tasks.

    • Catalysts - an NFT that is defined to be can be usable more than once or take part in multiple NFT Logic recipes, but we recommend putting a maximum number of uses to limit supply of higher tier NFTs.

  2. Breeding NFTs - the best example of this are games such as Aavegotchi or CryptoKitties, but combining NFTs are also useful in many real-world use cases. Our smart contracts support creating various rules about what data is preserved, changed, or mutated. In Web3 games the NFT breeding mutations can follow set rarity distributions or probabilities.

This also controls how Dynamic NFT Data is preserved, combined, or inherited by the output or new generation of NFTs

Open Source Smart Contracts and APIs/SDKs

Our aim is to improve the interoperability and composability of NFTs through these standards so that NFTs can be truly decentralized and exist in many worlds, virtual or real.

Visit Our Website

You can learn more about us at https://owlprotocol.xyz, and our sister company Vulcan Link at https://vulcan.link.

Our smart contracts add a number of features in a modular fashion to maximize the backwards compatibility and flexibility of what we call Dynamic NFTs (dNFTs).

This makes common NFT mechanics such as combining, bundling, crafting, breeding and more, easier for developers and creators, so they can focus on what they do best: making great games, projects, and partnerships happen.


Features

The primary features supported by Owl Protocol are:


Dynamic NFTs

NFTs that change over time, or when triggered by real-world/external data.


Attaching / Equipment

Map attachable NFTs to upgrade or change certain traits or stats.


Combining / Crafting / Breeding

Input or whitelist NFTs that will output certain NFTs, sometimes carrying over traits.


Cross Collection Interactions

Create mechanics between multiple collections, including those you DO NOT own.

Smart Contracts / Github

You can find the source code for our Dynamic NFT Smart Contracts on Github at: https://github.com/owlprotocol/contracts.

APIs and SDKs

  • Owl Protocol is launching a SDK for easier integration with its Dynamic NFT Smart Contracts in Q1 2023.

No-Code Interface

Owl Protocol also has a no-code interface that is tailored to allow non-technical creators, businesses, and NFT project owners to easily deploy, configure, and manage Dynamic NFTs.

For the Creator:

  • Allows the NFT creator to create many different mechanics for their NFTs, as well as create crafting recipes that involve NFT other collections they DO NOT own.
  • View their NFT collections, and where possible modify the parameters and view statistics on the collection's NFTs.

For the User:

  • Users can explore and interact with the Dynamic NFT mechanics enabled by Owl Protocol.
  • Users can discover new promotions and utilities, that their NFT gives them access to, which can be created by any 3rd-party external projects.

Why Use Owl Protocol?

Modular and Backwards Compatible

Many other Dynamic NFT projects create over-complicated custom smart contracts for one-off use-cases, or worse they use a centralized/traditional API endpoint they have full control over.

At Owl Protocol we are building smart contracts that are backwards compatible with existing marketplaces, and moving complex logic to modular smart contracts or proxies. That way you can build on top of your existing collection, or extend off of other collections.

Open Source Smart Contracts

Owl Protocol's smart contracts will always be open-source. Our goal is to improve accessibility to Dynamic NFT features that have for a long time been reserved only for well-funded projects.

We believe that the current lack of access to advanced dynamic mechanics restricts the creativity of artists, creators, and developers.

Therefore, we will continue to listen to feedback and develop new features where we see a common demand.

If you have any ideas or feedback on Dynamic NFT features we should add, email us at: contact@owlprotocol.xyz


Deploy It Yourself

Owl Protocol's smart contracts make use of a number of EIP standards to achieve standardization, convenience, and leading edge compatibility across different chains. It also helps when deploying on many networks at once, and maintains the same deterministic address on all chains.

Therefore, deploying the smart contracts yourself is a bit harder, but if you're interested we have some scripts to make it slightly easier to manage the proxies and contracts.

To learn more visit our Advanced Section.