What is ERC-404?
#ERC404 is a new #Ethereum token standard aimed at merging the features of ERC-20 (fungible tokens) and ERC-721 (non-fungible tokens) to allow linking an #NFT to each minted fungible token.
This innovation addresses current NFT limitations, enabling fractionalized assets and enhancing token utility.
Despite its potential, ERC-404 faces challenges like high gas fees and security concerns, leading to the development of DN-404, a more efficient alternative.