ERC404
152,636 views
95 Posts
Hot
Latest
ERC-404: Bridging the Gap Between Fungible and Non-Fungible Tokens
Introducing ERC-404: A Hybrid Token Standard
In the ever-evolving world of blockchain technology, a new token standard has emerged that's catching the attention of crypto enthusiasts and developers alike. Enter ERC-404, an experimental protocol on the Ethereum network that aims to blend the best features of fungible (ERC-20) and non-fungible (ERC-721) tokens.
What Makes ERC-404 Unique?
At its core, ERC-404 introduces the idea of "semi-unique" tokens. This novel approach allows for a level of flexibility previously unseen in the crypto space. Unlike traditional ERC-20 tokens, which are entirely interchangeable, or ERC-721 tokens (NFTs) that are completely unique, ERC-404 tokens exist in a middle ground, offering both fungibility and uniqueness in a single asset.
The Minds Behind the Innovation
The brainchild of two pseudonymous developers known as "ctrl" and "Acme," ERC-404 was born out of a desire to address liquidity challenges in the NFT market. By creating a hybrid token standard, they've opened up new possibilities for digital asset ownership and trading.
Key Features of ERC-404
Fractional Ownership Made Easy: One of the most exciting aspects of ERC-404 is its built-in "mint and burn" mechanism. This feature allows for the seamless division of NFTs into smaller, tradable units, potentially democratizing access to high-value digital assets.Gas Optimization: In an era where transaction fees can be a significant barrier to entry, ERC-404 aims to optimize gas costs. This could lead to more efficient and cost-effective minting, burning, and transferring of tokens.Increased Liquidity: By blending aspects of fungible and non-fungible tokens, ERC-404 could significantly enhance liquidity in the NFT market, simplifying the process of buying, selling, and trading fractional ownership of distinctive digital assets.
Looking Ahead: The Potential Impact of ERC-404
While still in its experimental phase, ERC-404 shows promise in revolutionizing how we think about and interact with digital assets. Its hybrid nature could pave the way for innovative applications in areas such as fractionalized real estate, partial ownership of high-value artworks, or even new forms of decentralized finance (DeFi) products.
As the blockchain community continues to explore the possibilities of ERC-404, we may be witnessing the birth of a new era in token standards โ one that blurs the lines between fungible and non-fungible assets, offering unprecedented flexibility and accessibility in the world of digital ownership.
#HybridTokens #ERC404 #NFTโ #Ethereum #GasOptimization
In the ever-evolving world of blockchain technology, a new token standard has emerged that's catching the attention of crypto enthusiasts and developers alike. Enter ERC-404, an experimental protocol on the Ethereum network that aims to blend the best features of fungible (ERC-20) and non-fungible (ERC-721) tokens.
What Makes ERC-404 Unique?
At its core, ERC-404 introduces the idea of "semi-unique" tokens. This novel approach allows for a level of flexibility previously unseen in the crypto space. Unlike traditional ERC-20 tokens, which are entirely interchangeable, or ERC-721 tokens (NFTs) that are completely unique, ERC-404 tokens exist in a middle ground, offering both fungibility and uniqueness in a single asset.
The Minds Behind the Innovation
The brainchild of two pseudonymous developers known as "ctrl" and "Acme," ERC-404 was born out of a desire to address liquidity challenges in the NFT market. By creating a hybrid token standard, they've opened up new possibilities for digital asset ownership and trading.
Key Features of ERC-404
Fractional Ownership Made Easy: One of the most exciting aspects of ERC-404 is its built-in "mint and burn" mechanism. This feature allows for the seamless division of NFTs into smaller, tradable units, potentially democratizing access to high-value digital assets.Gas Optimization: In an era where transaction fees can be a significant barrier to entry, ERC-404 aims to optimize gas costs. This could lead to more efficient and cost-effective minting, burning, and transferring of tokens.Increased Liquidity: By blending aspects of fungible and non-fungible tokens, ERC-404 could significantly enhance liquidity in the NFT market, simplifying the process of buying, selling, and trading fractional ownership of distinctive digital assets.
Looking Ahead: The Potential Impact of ERC-404
While still in its experimental phase, ERC-404 shows promise in revolutionizing how we think about and interact with digital assets. Its hybrid nature could pave the way for innovative applications in areas such as fractionalized real estate, partial ownership of high-value artworks, or even new forms of decentralized finance (DeFi) products.
As the blockchain community continues to explore the possibilities of ERC-404, we may be witnessing the birth of a new era in token standards โ one that blurs the lines between fungible and non-fungible assets, offering unprecedented flexibility and accessibility in the world of digital ownership.
#HybridTokens #ERC404 #NFTโ #Ethereum #GasOptimization
This trader incurred significant losses while engaging in a transaction involving the #ERC404 token $NO, resulting in a loss of approximately 42.88 ETH ($113,672).
The details of the transaction are as follows:๐
Transaction Hash: 0x737af24cf58ccde66d5f5856f3aafa82a301b4d98c27556babdd398f943f0d67
Address:
0x31b47c9b70F6ed771457b99eD92585938e2C43cF
Despite the trader's attempt to make gains, the transaction ultimately resulted in a significant loss, highlighting the risks associated with trading in volatile markets.
#ETH
The details of the transaction are as follows:๐
Transaction Hash: 0x737af24cf58ccde66d5f5856f3aafa82a301b4d98c27556babdd398f943f0d67
Address:
0x31b47c9b70F6ed771457b99eD92585938e2C43cF
Despite the trader's attempt to make gains, the transaction ultimately resulted in a significant loss, highlighting the risks associated with trading in volatile markets.
#ETH
Justin Banon, founder of Boson Protocol, has developed 'Fermion' (FERMION), a protocol that tokenizes verified physical Real-World Assets (RWAs) for on-chain exchange.
Fermion is a protocol design that uses trusted verifiers and custodians for robust verification, increased capital efficiency, and longer tokenization duration, while enabling native fractionalization of tokenized assets via ERC-404.
#ERC404 #BOSON #fermion #TrendingTopic #RWA
Fermion is a protocol design that uses trusted verifiers and custodians for robust verification, increased capital efficiency, and longer tokenization duration, while enabling native fractionalization of tokenized assets via ERC-404.
#ERC404 #BOSON #fermion #TrendingTopic #RWA
๐๐๐๐ข๐ข๐ข๐ข๐ข๐ข๐ข๐๐๐
๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต
๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ
I didn't go anywhere today. In order to let everyone understandย #ERC404 ย ย , I painted all the principles and gameplay on the wall of my house, both in Chinese and English.
This should last for a year and a half๐คฃ
$BNB ย $ETH ย $BTC
#TrendingTopic ย #Portal #BTC ย #sol
๐ต๐ต๐ต๐ต๐ต๐ต๐ต๐ต
๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ
I didn't go anywhere today. In order to let everyone understandย #ERC404 ย ย , I painted all the principles and gameplay on the wall of my house, both in Chinese and English.
This should last for a year and a half๐คฃ
$BNB ย $ETH ย $BTC
#TrendingTopic ย #Portal #BTC ย #sol
Starting with just 1 ETH valued at $2,507, this astute trader managed to amass $59,000 in profits within a span of 11 hours. The trader's strategy involved leveraging the volatility of the #ERC404 token MINER, using high gas fees to capitalize on market opportunities.
The trader initiated their strategy by withdrawing 1 ETH ($2,507) from the Binance exchange approximately 20 hours ago. Subsequently, they allocated 0.065 ETH ($163) to purchase 1,073 units of MINER at an opportune low price, dedicating 0.802 ETH ($2,010) towards gas fees for the transaction.
Following the acquisition, the trader executed sales of 722 MINER tokens, generating proceeds totaling 19.11 ETH. This transaction was facilitated by utilizing 0.5 ETH ($1,244) for gas fees.
Presently, the trader retains a portfolio consisting of 350 MINER tokens, which are valued at approximately $15,000. Overall, the trader has realized an impressive profit of around $59,000.
Wallet Address:๐
0xb9cc5ab9c6c885677ee1c4443b06270288756042
#Ethereum #ETH $ETH
The trader initiated their strategy by withdrawing 1 ETH ($2,507) from the Binance exchange approximately 20 hours ago. Subsequently, they allocated 0.065 ETH ($163) to purchase 1,073 units of MINER at an opportune low price, dedicating 0.802 ETH ($2,010) towards gas fees for the transaction.
Following the acquisition, the trader executed sales of 722 MINER tokens, generating proceeds totaling 19.11 ETH. This transaction was facilitated by utilizing 0.5 ETH ($1,244) for gas fees.
Presently, the trader retains a portfolio consisting of 350 MINER tokens, which are valued at approximately $15,000. Overall, the trader has realized an impressive profit of around $59,000.
Wallet Address:๐
0xb9cc5ab9c6c885677ee1c4443b06270288756042
#Ethereum #ETH $ETH
Binance Web3 Wallet Upgrades: What's New with Inscriptions and ERC-404 Support?
Breaking: Binance Web3 Wallet Just Got a Major Upgrade
Are you ready to take your Web3 experience to the next level? Binance Web3 Wallet has just rolled out some seriously exciting new features that are sure to shake things up.
First up, get ready to dive into the world of "Inscriptions" with their brand-new marketplace. Not sure what Inscriptions are? Think of them like digital collectibles on the Bitcoin blockchain โ and now you can buy, sell, and trade them directly within your Binance Web3 Wallet.
But that's not all! Binance has also added support for the ERC-404 token standard. This might sound a little techy, but it essentially means you can now hold a wider range of unique digital assets within your wallet.
Why does this matter? These upgrades are a big deal for anyone serious about Web3. They give you more ways to interact with the world of digital ownership and open up a whole range of possibilities.
Ready to try it out? Head over to Binance and update your Web3 Wallet to start exploring these awesome new features!
#ERC404
Breaking: Binance Web3 Wallet Just Got a Major Upgrade
Are you ready to take your Web3 experience to the next level? Binance Web3 Wallet has just rolled out some seriously exciting new features that are sure to shake things up.
First up, get ready to dive into the world of "Inscriptions" with their brand-new marketplace. Not sure what Inscriptions are? Think of them like digital collectibles on the Bitcoin blockchain โ and now you can buy, sell, and trade them directly within your Binance Web3 Wallet.
But that's not all! Binance has also added support for the ERC-404 token standard. This might sound a little techy, but it essentially means you can now hold a wider range of unique digital assets within your wallet.
Why does this matter? These upgrades are a big deal for anyone serious about Web3. They give you more ways to interact with the world of digital ownership and open up a whole range of possibilities.
Ready to try it out? Head over to Binance and update your Web3 Wallet to start exploring these awesome new features!
#ERC404
The Rise of ERC-404
From Zero to $357 Million ( MarketCap in week )
A new kind of NFT, with an in-built capacity for fractional trading, has risen in popularity this week.
Calledย ERC-404 this unofficial standardโs first token, launched Feb. 5th.
Let's have a Look ๐ถโ๐ซ๏ธ
ERC404 aims to be a hybrid of ERC721 and ERC20 - it's an NFT token that has fungible fractionalization built in.
In order to own an NFT, you need to have at least 1 base unit (100 in our case) fractions.
You can calculate the NFT balance of an address by doing floor(balanceOf[address] / baseUnits).
If we had 138 fractions, we'd have 1 NFT. 199 fractions is also 1 NFT. 200 units = 2 NFTs.
ERC404 is a token standard that closely resembles an ERC721 token with built-in ERC20 fractions. This allows for fungible trading on DEXes while still being supported on NFT applications.
The 404 number is arbitrary, but ultimately it's social consensus that matters.
#PIXEL #TrendingTopic #Write2Earn #ERC404 $SOL $BTC $ETH
From Zero to $357 Million ( MarketCap in week )
A new kind of NFT, with an in-built capacity for fractional trading, has risen in popularity this week.
Calledย ERC-404 this unofficial standardโs first token, launched Feb. 5th.
Let's have a Look ๐ถโ๐ซ๏ธ
ERC404 aims to be a hybrid of ERC721 and ERC20 - it's an NFT token that has fungible fractionalization built in.
In order to own an NFT, you need to have at least 1 base unit (100 in our case) fractions.
You can calculate the NFT balance of an address by doing floor(balanceOf[address] / baseUnits).
If we had 138 fractions, we'd have 1 NFT. 199 fractions is also 1 NFT. 200 units = 2 NFTs.
ERC404 is a token standard that closely resembles an ERC721 token with built-in ERC20 fractions. This allows for fungible trading on DEXes while still being supported on NFT applications.
The 404 number is arbitrary, but ultimately it's social consensus that matters.
#PIXEL #TrendingTopic #Write2Earn #ERC404 $SOL $BTC $ETH
Trendy!
ERC-404 TOKEN DRAWBACK BEING ATTRIBUTED TO NEW STANDARD IN DN-404
โDivisible NFT,โ aka DN-404
ERC-404 is a combination of ERC20 & NFTs. People will jump from new standard to new standard to make money. If the standard gets enough use cases, thatโs when theyโll stay for the long run.
#Ethereum... #ERC404 #dn404
ERC-404 TOKEN DRAWBACK BEING ATTRIBUTED TO NEW STANDARD IN DN-404
โDivisible NFT,โ aka DN-404
ERC-404 is a combination of ERC20 & NFTs. People will jump from new standard to new standard to make money. If the standard gets enough use cases, thatโs when theyโll stay for the long run.
#Ethereum... #ERC404 #dn404
๐ERC404 Futuristic Possibilities Series: Liquidity Crystals!
Exploring another aspect of the emerging buzz,ERC404 let's understand them as Liquidity Crystals and how this innovative standard can transform an assetโs liquidity, fostering a new era of fluid financial ecosystems.
ERC404: Liquidity Crystals Model
#ERC404, merges #ERC20 with #ERC721 to foster assetโs liquidity. ERC404 elevates your assets beyond mere utility, offering a fraction of something valuable. This opens new avenues for asset ownership & investment.
Real-World Applications
With #ERC404, companies like @Tether_to and @circle could launch a @Visa equivalent card revolutionizing loyalty programs, combining payment capabilities with exclusive perks, from airport lounge access to first-buy rights on new tokens.
The Future with ERC404
For entrepreneurs & investors, ERC404 offers a fertile ground for innovation, opening up new avenues for creating value and enhancing customer experiences. It's a significant leap forward in the digital asset space.
To create your own ERC404 collection, access @ExpressProtocol ERC404 support and launch your collection on multi-chain without any coding hassle.
@0xPolygon @ethereum
#Write2Earn #TrendingTopic #ERC404 $ETH $
Exploring another aspect of the emerging buzz,ERC404 let's understand them as Liquidity Crystals and how this innovative standard can transform an assetโs liquidity, fostering a new era of fluid financial ecosystems.
ERC404: Liquidity Crystals Model
#ERC404, merges #ERC20 with #ERC721 to foster assetโs liquidity. ERC404 elevates your assets beyond mere utility, offering a fraction of something valuable. This opens new avenues for asset ownership & investment.
Real-World Applications
With #ERC404, companies like @Tether_to and @circle could launch a @Visa equivalent card revolutionizing loyalty programs, combining payment capabilities with exclusive perks, from airport lounge access to first-buy rights on new tokens.
The Future with ERC404
For entrepreneurs & investors, ERC404 offers a fertile ground for innovation, opening up new avenues for creating value and enhancing customer experiences. It's a significant leap forward in the digital asset space.
To create your own ERC404 collection, access @ExpressProtocol ERC404 support and launch your collection on multi-chain without any coding hassle.
@0xPolygon @ethereum
#Write2Earn #TrendingTopic #ERC404 $ETH $
What if Tokens and NFTs are combined as one?
Tokens are NFTs and NFTs are tokens.
Interesting?
Let's explore ERC-404, the latest narrative in town ๐งต (Alpha inside)
โ ๐ช๐ต๐ฎ๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ฅ๐-๐ฐ๐ฌ๐ฐ ๐บ๐ฒ๐ฎ๐ป๐?
ERC-404 is a newly launched unofficial token standard that combines the digital scarcity of ERC-721s (NFTs) with the uniform value of ERC-20s (Tokens).
For every unit of token that exists, there's an NFT and for every NFT, there's a token.
Sounds intriguing? Good.
ERC-404 is a hybrid; the bridge between NFTs and Tokens. It showcases a novel way of integrating fungible and non-fungible Tokens. Meaning, that each token exists in the two dynamics mentioned above.
โ ๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐๐ผ๐ฟ๐ธ๐?
When you buy a certain amount of tokens, an NFT will be automatically minted in your wallet. Also, when the token is sold, the NFT will be burned.
These actions are directly coded into the asset contract.
โ ๐ฃ๐ฎ๐ป๐ฑ๐ผ๐ฟ๐ฎ ๐ฎ๐ป๐ฑ ๐๐ฅ๐-๐ฐ๐ฌ๐ฐ
Pandora is the pioneer of this experimental token standard. A collection of 10,000 avatars ( tokens/NFTs) on the Ethereum blockchain to enable semi-fungibility.
Currently worth 8.1ETH = $21k, 404 is taking the industry by storm.
โ ๐๐น๐ฝ๐ต๐ฎ ๐๐ถ๐บ๐ฒ
Other ERC-404s to be on the lookout for:
๐น๏ธ @DeFrogsToken - $DEFROG
๐น๏ธ @Monarch_ERC404 - $MNRCH
๐น๏ธ @dogpet404 - $DOGPET
๐น๏ธ @Cosmic_erc404 - $COSMIC
๐น๏ธ @celestialkey404 - $KEYS and more...
โ ๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป
With a MC of $167m+ within a short period, we might witness another run like that of the Ordinals.
Stay positioned. NFA. DYOR.
Thank you for making it to the end!๐ซก
Like & RT to share with friends.
#Write2Earn #ERC404 #TrendingTopic
Tokens are NFTs and NFTs are tokens.
Interesting?
Let's explore ERC-404, the latest narrative in town ๐งต (Alpha inside)
โ ๐ช๐ต๐ฎ๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ฅ๐-๐ฐ๐ฌ๐ฐ ๐บ๐ฒ๐ฎ๐ป๐?
ERC-404 is a newly launched unofficial token standard that combines the digital scarcity of ERC-721s (NFTs) with the uniform value of ERC-20s (Tokens).
For every unit of token that exists, there's an NFT and for every NFT, there's a token.
Sounds intriguing? Good.
ERC-404 is a hybrid; the bridge between NFTs and Tokens. It showcases a novel way of integrating fungible and non-fungible Tokens. Meaning, that each token exists in the two dynamics mentioned above.
โ ๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐๐ผ๐ฟ๐ธ๐?
When you buy a certain amount of tokens, an NFT will be automatically minted in your wallet. Also, when the token is sold, the NFT will be burned.
These actions are directly coded into the asset contract.
โ ๐ฃ๐ฎ๐ป๐ฑ๐ผ๐ฟ๐ฎ ๐ฎ๐ป๐ฑ ๐๐ฅ๐-๐ฐ๐ฌ๐ฐ
Pandora is the pioneer of this experimental token standard. A collection of 10,000 avatars ( tokens/NFTs) on the Ethereum blockchain to enable semi-fungibility.
Currently worth 8.1ETH = $21k, 404 is taking the industry by storm.
โ ๐๐น๐ฝ๐ต๐ฎ ๐๐ถ๐บ๐ฒ
Other ERC-404s to be on the lookout for:
๐น๏ธ @DeFrogsToken - $DEFROG
๐น๏ธ @Monarch_ERC404 - $MNRCH
๐น๏ธ @dogpet404 - $DOGPET
๐น๏ธ @Cosmic_erc404 - $COSMIC
๐น๏ธ @celestialkey404 - $KEYS and more...
โ ๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป
With a MC of $167m+ within a short period, we might witness another run like that of the Ordinals.
Stay positioned. NFA. DYOR.
Thank you for making it to the end!๐ซก
Like & RT to share with friends.
#Write2Earn #ERC404 #TrendingTopic
ERC404 is an experimental token standard built on the Ethereum blockchain that aims to combine the functionalities of ERC-20 tokens (fungible tokens) and ERC-721 tokens (non-fungible tokens, or NFTs) into a single standard.
#Write2Earn #TrendingTopic #ETH #nfts #ERC404 $BTC $ETH $BNB
#Write2Earn #TrendingTopic #ETH #nfts #ERC404 $BTC $ETH $BNB
๐ Exploring ERC404 and DeFrogs: Blending DeFi with NFTs!
In the ever-evolving crypto landscape, a groundbreaking idea emerges, blurring the lines between fungible tokens and NFTs. Meet ERC404, a hybrid standard marrying the liquidity of ERC20 tokens with the uniqueness of ERC721 NFTs.
๐ก DeFrogs, powered by ERC404, pioneers this paradigm shift. With 10,000 tokens and corresponding NFTs, DeFrogs opens a gateway to hybrid assets for blockchain enthusiasts.
๐ When you snag a DEFROGS token on Uniswap, you not only get the token but also a DeFrogs NFT, adding excitement and unpredictability to each transaction.
๐ฌ Dive into DeFrogs FAQs:
๐ธ Buying 0.9 DEFROGS? You'll get tokens but no NFT.
๐ธ Got 1 DEFROGS? Get ready for an auto-minted NFT!
๐ธ Selling 1 DEFROGS? Safeguard your rare NFT by selling it separately.
๐ธ ERC404's versatility shines as you navigate between tokens and NFTs, maximizing returns on platforms like Uniswap and OpenSea.
โก๏ธ With ERC404 and DeFrogs, the DeFi-NFT landscape undergoes a transformation, offering increased liquidity and asset fractionalization.
๐ฎ As ERC404's future unfolds, expect a surge in varieties, including larger supply tokens with corresponding NFTs. But tread carefully; while opportunities abound, watch out for potential pitfalls in this uncharted terrain.
๐ Stay tuned for the launch of early betas and delve into the evolving world of ERC404 and DeFrogs! #ERC404 #DeFrogs
#DeFiNFT #Write2Earn #TradeNTell $SOL $ETH $BTC
In the ever-evolving crypto landscape, a groundbreaking idea emerges, blurring the lines between fungible tokens and NFTs. Meet ERC404, a hybrid standard marrying the liquidity of ERC20 tokens with the uniqueness of ERC721 NFTs.
๐ก DeFrogs, powered by ERC404, pioneers this paradigm shift. With 10,000 tokens and corresponding NFTs, DeFrogs opens a gateway to hybrid assets for blockchain enthusiasts.
๐ When you snag a DEFROGS token on Uniswap, you not only get the token but also a DeFrogs NFT, adding excitement and unpredictability to each transaction.
๐ฌ Dive into DeFrogs FAQs:
๐ธ Buying 0.9 DEFROGS? You'll get tokens but no NFT.
๐ธ Got 1 DEFROGS? Get ready for an auto-minted NFT!
๐ธ Selling 1 DEFROGS? Safeguard your rare NFT by selling it separately.
๐ธ ERC404's versatility shines as you navigate between tokens and NFTs, maximizing returns on platforms like Uniswap and OpenSea.
โก๏ธ With ERC404 and DeFrogs, the DeFi-NFT landscape undergoes a transformation, offering increased liquidity and asset fractionalization.
๐ฎ As ERC404's future unfolds, expect a surge in varieties, including larger supply tokens with corresponding NFTs. But tread carefully; while opportunities abound, watch out for potential pitfalls in this uncharted terrain.
๐ Stay tuned for the launch of early betas and delve into the evolving world of ERC404 and DeFrogs! #ERC404 #DeFrogs
#DeFiNFT #Write2Earn #TradeNTell $SOL $ETH $BTC
ERC-404 Tokens: A Novel Approach to Fractional Ownership of Non-Fungible Assets
The dynamic realm of cryptocurrency continues to witness the emergence of novel technologies addressing prevalent challenges and fostering innovative solutions. Among these advancements, the ERC-404 token standard stands out as a pioneering approach to bridge the divide between fungible and non-fungible tokens (NFTs).
Understanding Fungibility and NFTs:
Fungible Tokens: These tokens, typified by Bitcoin and Ethereum, possess inherent exchangeability, rendering each unit indistinguishable and readily replaceable with another of the same type. This characteristic aligns them with functionalities such as representing currency or utility tokens.
NFTs (Non-Fungible Tokens): Contrary to fungible tokens, NFTs represent unique digital assets, encompassing artwork, collectibles, or even in-game items. Each NFT holds the distinction of being one-of-a-kind and irreplicable, making them ideal for signifying ownership of exclusive digital assets.
The Existing Constraints:
While NFTs offer a plethora of promising applications, their inherent non-fungible nature can pose limitations in terms of accessibility and liquidity. High-value NFTs can often be out of reach for a significant portion of potential investors, and their unique attributes can hinder their ease of trade within conventional markets.
Introducing ERC-404:
The ERC-404 token standard emerges as an experimental proposition designed to address these limitations by enabling fractional ownership of NFTs. This groundbreaking concept allows an NFT to be segmented into smaller, readily tradable units represented by ERC-404 tokens.
Operational Mechanism:
A smart contract governs the division and ownership of the underlying NFT.
Each ERC-404 token embodies a specific fraction of the NFT, and the total supply directly reflects the number of available fractions.
Users have the option to acquire individual ERC-404 tokens or accumulate them strategically to "burn" them, thereby regaining ownership of the complete NFT.
Potential Advantages of ERC-404:
Enhanced Accessibility: ERC-404 paves the way for broader participation in the ownership of high-value NFTs by facilitating the purchase of smaller fractions, making them more attainable for a wider range of investors.
Improved Liquidity: Through fractionalization, NFTs become more readily tradable, potentially leading to increased market activity and enhanced liquidity.
Diversified Investment Opportunities: ERC-404 unlocks new avenues for investment, catering to individuals interested in the NFT market who may not possess the capital to acquire entire NFTs.
Caveats to Consider:
Experimental Phase: It is crucial to acknowledge that ERC-404 remains in the experimental stage, with its long-term viability and widespread adoption yet to be fully established.
Potential Challenges: Several potential challenges require further exploration, including considerations around security, the process of valuing fractions, and the legal implications associated with fractional ownership of NFTs.
In conclusion, the ERC-404 token standard represents a novel and promising approach to unlocking the full potential of NFTs. While still in its nascent stages, this innovative technology carries the potential to revolutionize the NFT landscape by fostering greater accessibility, improved liquidity, and the creation of new and diverse investment opportunities. #TrendingTopic #ERC404
Understanding Fungibility and NFTs:
Fungible Tokens: These tokens, typified by Bitcoin and Ethereum, possess inherent exchangeability, rendering each unit indistinguishable and readily replaceable with another of the same type. This characteristic aligns them with functionalities such as representing currency or utility tokens.
NFTs (Non-Fungible Tokens): Contrary to fungible tokens, NFTs represent unique digital assets, encompassing artwork, collectibles, or even in-game items. Each NFT holds the distinction of being one-of-a-kind and irreplicable, making them ideal for signifying ownership of exclusive digital assets.
The Existing Constraints:
While NFTs offer a plethora of promising applications, their inherent non-fungible nature can pose limitations in terms of accessibility and liquidity. High-value NFTs can often be out of reach for a significant portion of potential investors, and their unique attributes can hinder their ease of trade within conventional markets.
Introducing ERC-404:
The ERC-404 token standard emerges as an experimental proposition designed to address these limitations by enabling fractional ownership of NFTs. This groundbreaking concept allows an NFT to be segmented into smaller, readily tradable units represented by ERC-404 tokens.
Operational Mechanism:
A smart contract governs the division and ownership of the underlying NFT.
Each ERC-404 token embodies a specific fraction of the NFT, and the total supply directly reflects the number of available fractions.
Users have the option to acquire individual ERC-404 tokens or accumulate them strategically to "burn" them, thereby regaining ownership of the complete NFT.
Potential Advantages of ERC-404:
Enhanced Accessibility: ERC-404 paves the way for broader participation in the ownership of high-value NFTs by facilitating the purchase of smaller fractions, making them more attainable for a wider range of investors.
Improved Liquidity: Through fractionalization, NFTs become more readily tradable, potentially leading to increased market activity and enhanced liquidity.
Diversified Investment Opportunities: ERC-404 unlocks new avenues for investment, catering to individuals interested in the NFT market who may not possess the capital to acquire entire NFTs.
Caveats to Consider:
Experimental Phase: It is crucial to acknowledge that ERC-404 remains in the experimental stage, with its long-term viability and widespread adoption yet to be fully established.
Potential Challenges: Several potential challenges require further exploration, including considerations around security, the process of valuing fractions, and the legal implications associated with fractional ownership of NFTs.
In conclusion, the ERC-404 token standard represents a novel and promising approach to unlocking the full potential of NFTs. While still in its nascent stages, this innovative technology carries the potential to revolutionize the NFT landscape by fostering greater accessibility, improved liquidity, and the creation of new and diverse investment opportunities. #TrendingTopic #ERC404
๐ฐ PANDORA Token: From $189K to $1.42M in 2 Days! ๐
A discerning trader invested $189,000 to purchase 187.68 units of the #PANDORA token (an #ERC404 token) at a rate of $1,007 each, two days prior. As of now, the value of this investment has surged to $1.42 million.
This remarkable increase translates to a profit of approximately $1.29 million within a mere two-day period.
Notably, the trader has chosen to retain their position and continues to #hold the tokens.
Wallet Address:
0xd92ec2123473e0e4099733b1e03405384aa1024d
$PANDORA
A discerning trader invested $189,000 to purchase 187.68 units of the #PANDORA token (an #ERC404 token) at a rate of $1,007 each, two days prior. As of now, the value of this investment has surged to $1.42 million.
This remarkable increase translates to a profit of approximately $1.29 million within a mere two-day period.
Notably, the trader has chosen to retain their position and continues to #hold the tokens.
Wallet Address:
0xd92ec2123473e0e4099733b1e03405384aa1024d
$PANDORA
#ERC404 is a new token standard for digital assets on theย #Ethereum blockchain developed by pseudonymous creatorsย " #ctrl ย andย " #Acme ."
Token standards are formal sets of rules and protocols that determine the behavior of tokens on blockchain networks such as Ethereum.
The ERC-404 token standard combines features of ERC-20 and ERC-721, enabling the creation of "semi-fungible" tokens that employ features from fungible and non-fungible tokens.
How does ERC-404 work?
NFTs are non-fungible, meaning that they are unique and indivisible; you can't own fractions of an NFT.
ERC-404 circumvents this limitation by using token mint and burn mechanics to enable fractional transfers of an NFT.
Issued tokens are linked to an NFT. If you buy a full token, the linked NFT is minted to your wallet. If you sell a fraction of the token, the linked NFT is burned. If a wallet holding fractions of a token purchases enough fractions to hold a complete token, a new NFT is minted automatically.
What's so special about it?
The ERC-404 token standard enables native fractionalization of NFTs, creating new primitives and new mechanics built atop them. This, in turn, allows for experimentation with NFTs and the trading of them.
The token standard's creators suggest that the goal is to create an NFT with "native fractionalization, liquidity and encourages some aspects of trading/engagement to farm unique trait sets."
The team behind #PANDORA , a project using ERC-404,ย claimsย that it effectively enables NFTs built using the standard to "effectively have a token price that reflects a floor price in real-time" because it allows for "actual native liquidity." Rather than needing a single counterparty to buy their NFT, holders of ERC-404 tokens can sell at a time of their choosing if there's a liquidity pool.
Furthermore, instead of having to lock up or wrap NFTs and issue shares against them, fractionalization of NFTs can be achieved natively without relying on third-party protocols and solutions.
Token standards are formal sets of rules and protocols that determine the behavior of tokens on blockchain networks such as Ethereum.
The ERC-404 token standard combines features of ERC-20 and ERC-721, enabling the creation of "semi-fungible" tokens that employ features from fungible and non-fungible tokens.
How does ERC-404 work?
NFTs are non-fungible, meaning that they are unique and indivisible; you can't own fractions of an NFT.
ERC-404 circumvents this limitation by using token mint and burn mechanics to enable fractional transfers of an NFT.
Issued tokens are linked to an NFT. If you buy a full token, the linked NFT is minted to your wallet. If you sell a fraction of the token, the linked NFT is burned. If a wallet holding fractions of a token purchases enough fractions to hold a complete token, a new NFT is minted automatically.
What's so special about it?
The ERC-404 token standard enables native fractionalization of NFTs, creating new primitives and new mechanics built atop them. This, in turn, allows for experimentation with NFTs and the trading of them.
The token standard's creators suggest that the goal is to create an NFT with "native fractionalization, liquidity and encourages some aspects of trading/engagement to farm unique trait sets."
The team behind #PANDORA , a project using ERC-404,ย claimsย that it effectively enables NFTs built using the standard to "effectively have a token price that reflects a floor price in real-time" because it allows for "actual native liquidity." Rather than needing a single counterparty to buy their NFT, holders of ERC-404 tokens can sell at a time of their choosing if there's a liquidity pool.
Furthermore, instead of having to lock up or wrap NFTs and issue shares against them, fractionalization of NFTs can be achieved natively without relying on third-party protocols and solutions.
ERC-404 EXPLAINED!
What if Tokens and NFTs are combined as one?Tokens are NFTs and NFTs are tokens.Interesting?Let's explore ERC-404, the latest narrative in town ๐งต (Alpha inside)โ ๐ช๐ต๐ฎ๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ฅ๐-๐ฐ๐ฌ๐ฐ ๐บ๐ฒ๐ฎ๐ป๐?ERC-404 is a newly launched unofficial token standard that combines the digital scarcity of ERC-721s (NFTs) with the uniform value of ERC-20s (Tokens). For every unit of token that exists, there's an NFT and for every NFT, there's a token.Sounds intriguing? Good.ERC-404 is a hybrid; the bridge between NFTs and Tokens. It showcases a novel way of integrating fungible and non-fungible Tokens. Meaning, that each token exists in the two dynamics mentioned above.โ ๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐๐ผ๐ฟ๐ธ๐?When you buy a certain amount of tokens, an NFT will be automatically minted in your wallet. Also, when the token is sold, the NFT will be burned.These actions are directly coded into the asset contract.โ ๐ฃ๐ฎ๐ป๐ฑ๐ผ๐ฟ๐ฎ ๐ฎ๐ป๐ฑ ๐๐ฅ๐-๐ฐ๐ฌ๐ฐPandora is the pioneer of this experimental token standard. A collection of 10,000 avatars ( tokens/NFTs) on the Ethereum blockchain to enable semi-fungibility.Currently worth 8.1ETH = $21k, 404 is taking the industry by storm.โ ๐๐น๐ฝ๐ต๐ฎ ๐๐ถ๐บ๐ฒOther ERC-404s to be on the lookout for:Other ERC-404s to be on the lookout for:๐น๏ธ @DeFrogsToken - $DEFROG๐น๏ธ @Monarch_ERC404 - $MNRCH๐น๏ธ @dogpet404 - $DOGPET๐น๏ธ @Cosmic_erc404 - $COSMIC๐น๏ธ @celestialkey404 - $KEYS and more...โ ๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ปWith a MC of $167m+ within a short period, we might witness another run like that of the Ordinals.Stay positioned. NFA. DYOR.Thank you for making it to the end!๐ซกTAG> #Write2Earn #WLD #PIXEL #TrendingTopic #ERC404
