Injective $INJ has introduced the CW-404 standard, mirroring the popular ERC-404 experimental token standard, on its Layer 1 blockchain network. This collaboration with decentralized exchange DojoSwap brings fractional ownership of NFTs to users, enhancing accessibility and enabling various financial use cases. The CW-404 standard combines elements from CW-20 and CW-721 standards, addressing token issuance and NFTs. It offers features like multiple wallets directly owning a single NFT, empowering holders to tokenize exposure for purposes such as taking out loans or staking holdings. The Sushi Fighter NFT collection is among the first to leverage the CW-404 standard on Injective.
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