🔥💥Competitor of ERC-404: Injective (INJ) introduced the CW-404 standard
The popular crypto project Injective (#INJ ) has introduced the standard CW-404, which will rival ERC-404.
the crypto project #Injective (INJ), which marks the year 2023, continues its development work at full speed. Injective has decided to compete with the ERC-404 trend, which has been catching hype in recent weeks. The popular layer-1 project introduced the new standard CW-404 and partnered with the decentralized exchange DojoSwap in the development work.
Injective developed the CW-404 standard by collaborating with the decentralized exchange DojoSwap, which is located in its own ecosystem. The Sushi Fighter NFT collection was the first collection to use the CW-404 standard.
The CW-404 standard allows partial ownership of NFTs and makes NFTs more accessible to users. This development is aimed at increasing the financial use of NFTs.
Injective, a Cosmos-based layer-1 blockchain, is working together with DojoSwap for the DW-404. It has been reported that CW-404 is a port of ERC-404 and therefore combines the CW-20 and CW-721 standards in token issuance.
The developers said that the CW-404 will reveal many new dApps (decentralized applications) and innovations that are not anywhere outside of Injective.
Injective's native token, INJ, is trading at $34 and has a market capitalization of $3.179 billion. Injective had been one of the most rising cryptocurrencies in 2023.
