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Topic: Is ERC-404 the New Narrative? - page 2. (Read 252 times)

sr. member
Activity: 1188
Merit: 251
February 09, 2024, 01:29:23 PM
#6
yes, the combination of erc 20 and erc 721 became erc 404, I think the market needed a new trend after brc20 now they made erc 404, rich people are the ones who make the rules, so they made this game.
remember when you enter and exit, I think this is what caused eth and btc to rise these few days.
full member
Activity: 1428
Merit: 120
Buzz App - Spin wheel, farm rewards
February 09, 2024, 10:42:33 AM
#5
Yes, I also read about Pandora when they announced it as the first erc404 build project, it's definitely exciting even if it's just a testnet. Their idea is perfect, if successful, erc404 will be a new standard to combine erc20 and erc721… and usage will be widespread. it could be the next breakthrough for eth. I think it's time for the ETH ecosystem to gain synergies to leverage performance and interoperability in sync instead of independently.
sr. member
Activity: 1414
Merit: 270
Undeads.com - P2E Runner Game
February 09, 2024, 10:29:25 AM
#4
Why not? At their core, only stable tokens should remain in their current form (ERC20/BEP20/TRC20/etc.), so to speak, be impersonal. The remaining tokens may already bear traces of individuality and have additional functions. An apt analogy here is the evolution of the landline phone to the smartphone. Another thing to note is the Smart Layer Network with its Smart Cats (ERC-5169 + xNFT). And therefore, a unified standard for such token-NFTs should be developed.
jr. member
Activity: 476
Merit: 7
Navigating the Crypto world & Holding BGB Along..
February 09, 2024, 10:21:49 AM
#3
I'm intrigued by the possibilities of ERC-404 and excited to see where projects like Pandora take it. But in such a fast moving space, it's hard to predict which standards will gain long term traction. Let me know your thoughts on whether ERC-404 could become a leading narrative in the NFT world!
Seen this a few days and kinda hard to understand technically but some OG who explaimed it sounds like a solution to some of the diluted nft or thriving problem on liquidity on nft and tokens. Somehow I kinda feel it is unless there is no vulnerabilities found on the set up of erc404. Binance easily supported it or even put up a thread how it works. But still early to judge but from the hype its created it seems working.
It's an experimental token standard, no audit yet from what I found out on the web, and its objective is toBridge the gap between fungible tokens (ERC-20) and (ERC-721) NFTs.  It's already gathered support from Blur, opensea and erc404 tokens can be swapped using Bitget wallet. Let's see how it goes though, maybe some person's have a better explanation to this and share their views.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
February 09, 2024, 08:04:33 AM
#2
I'm intrigued by the possibilities of ERC-404 and excited to see where projects like Pandora take it. But in such a fast moving space, it's hard to predict which standards will gain long term traction. Let me know your thoughts on whether ERC-404 could become a leading narrative in the NFT world!
Seen this a few days and kinda hard to understand technically but some OG who explaimed it sounds like a solution to some of the diluted nft or thriving problem on liquidity on nft and tokens. Somehow I kinda feel it is unless there is no vulnerabilities found on the set up of erc404. Binance easily supported it or even put up a thread how it works. But still early to judge but from the hype its created it seems working.
jr. member
Activity: 476
Merit: 7
Navigating the Crypto world & Holding BGB Along..
February 09, 2024, 07:47:08 AM
#1
ERC-404 tokens seem poised to shake up the NFT space. This experimental token standard combines the tradability of ERC-20s with the non-fungible nature of ERC-721 NFTs. Could this innovative hybrid be the next big thing in crypto collectibles and gaming?

The ERC-404 standard brings built-in liquidity and fractionalization, allowing NFTs to be broken down into fungible tokens. This enables easier trading and accessibility for high-value NFTs. ERC-404 also introduces a "rarity" component, with each NFT getting a score to show its scarcity.

Pandora is the first project to utilize ERC-404 tokens.

So does ERC-404 have the potential to drive the next wave of NFT adoption? Could the increased liquidity and rarity features attract new users and capital? Or will challenges like determining valuations keep the standard from going mainstream?

I'm intrigued by the possibilities of ERC-404 and excited to see where projects like Pandora take it. But in such a fast moving space, it's hard to predict which standards will gain long term traction. Let me know your thoughts on whether ERC-404 could become a leading narrative in the NFT world!

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