#Injective is pleased to announce the launch of the CW404 standard in collaboration with #dojoswap , introducing a new standard for fractional NFTs.

This standard, built upon the foundation of ERC-404 but leveraging the efficiency and cost-effectiveness of the Injective Blockchain, marks an exciting development in the realm of digital assets.

The Pandora NFT collection on Opensea showcases the pioneering ERC-404 token standard, offering a unique amalgamation of fungible and non-fungible characteristics.

ERC-404 tokens exhibit divisibility akin to ERC-20 tokens while retaining the non-fungibility inherent in ERC-721 tokens, thereby presenting a versatile solution for tokenized assets.

The introduction of the ERC-404 standard heralds the emergence of "semi-fungible" tokens, enabling fractional ownership of NFTs and unlocking novel possibilities in liquidity provision and Decentralized Finance DeFi applications.

CW404 represents a meticulously crafted adaptation of the original ERC404 standard, aligning its signatures closely with those of established CW20 and CW721 standards.

Tailored for compatibility with the Injective Blockchain, renowned for its specialization in #DeFi applications, CW404 emerges as a natural fit for decentralized financial ecosystems.

Injective stands as the optimal platform for realizing the full potential of CW404.

Offering developers unparalleled opportunities to innovate and deploy dApps leveraging CW404, Injective's high-speed, low-cost infrastructure sets it apart from competing networks burdened by sluggish transaction rates and exorbitant fees.

$INJ #INJ #Injective