ERC-404 is an experimental token standard on the Ethereum blockchain, combining features of ERC-20 and ERC-721 to create semi-fungible tokens. Despite being in development and not having undergone the official Ethereum Improvement Proposal process, it is already being used in projects like Pandora, demonstrating new use cases for 404 NFTs. The standard has sparked discussions about its potential impact on asset tokenization and liquidity provision on decentralized platforms, with 17 ERC-404 projects already listed on CoinGecko. Similar developments in the Solana ecosystem indicate broader acceptance beyond Ethereum.
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0 posts last weekEthereum’s New ERC-404 Token Standard: Praise, Criticism, and Market Impact
A new Ethereum token standard, ERC-404, has garnered attention for its blend of ERC-20 and ERC-721 technologies, allowing for fractionalized ownership of NFTs. While some see it as a game changer for real-world asset tokenization, others express concerns about its lack of formal inclusion in the Ethereum Foundation’s ERC standard and the potential risks associated with unapproved projects. Despite its rapid growth, ERC-404’s future adoption and longevity remain uncertain.
read moreEthereum’s ERC-404: Revolutionizing Digital Ownership with Fractional NFTs
A new Ethereum standard, ERC-404, aims to merge ERC-20 tokens with ERC-721 NFTs, allowing fractional ownership of NFTs. Despite industry interest and explosive growth in valuation for projects adopting ERC-404, criticisms around security flaws have been raised, emphasizing the need for thorough audits and checks before its adoption. This experimental project has the potential to revolutionize digital ownership, but its technical challenges and controversies require careful consideration.
read morePandora Token Surges 35% Following ERC-404 Standard Announcement
Pandora’s token surged over 30% in 24 hours due to support from major exchanges for the ERC-404 token standard. The ERC-404 standard, developed by the Pandora project, combines features of both fungible and non-fungible tokens, but faces skepticism and concerns within the crypto community regarding its security and necessity. Despite this, the standard has piqued interest and experimentation among various crypto communities.
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