According to BlockBeats, on June 22, Color, a Meme launchpad platform, announced the launch of a new hybrid contract standard, BC-404. The BC-404 combines ERC-404 and Bonding Curve. The number of tokens required to convert NFTs will increase as the overall conversion process progresses, aiming to incentivize early participants and long-term holders.
As per the official announcement by Color, the first BC-404 Meme asset will be launched on Base. This will allow users to use PEPE tokens to convert to ColorPEPE across chains with a single click, and they can convert back at any time to protect their principal.
Color is the first 404meme issuance platform that allows users to convert native Meme tokens into BC-404 standard hybrid tokens. This gives them both token attributes and NFT gameplay. The introduction of BC-404 is expected to revolutionize the way users interact with Meme tokens and NFTs, providing a more dynamic and engaging experience.