According to TechFlow, Injective Ecosystem AMM DEX DojoSwap has cooperated with Injective to launch the CW404 standard. DojoSwap said that CW404 is a supplement to the original ERC404 standard, aimed at improving its applicability, and has been launched on Injective and Cosmos.
The DojoSwap team will open source all the work on the CW404 standard so that more developers can develop on Injective. With the Gas Compression function after the Volan mainnet upgrade, the transaction cost of CW404 is 1000 times cheaper than ERC404.
The CW404 standard allows tokens to have a liquid identity and be convertible into CW20 and CW721 tokens.
