According to Odaily Planet Daily, Color Protocol has launched an ERC-404 conversion protocol for Meme coins. The protocol aims to convert the existing ERC-20 standard Meme coins to the ERC-404 standard, providing Meme art creators with a new asset issuance method to link their creations with native Meme coins. Color Protocol said that it will also launch an improved contract standard FLUX-404 based on ERC-404 in the future.