A new standard in the world of non-fungible tokens (NFTs) has emerged, challenging the established ERC-404 standard. DN404, short for "Divisible NFT 404," introduces an innovative approach by combining the functionalities of ERC-20 and ERC-721 tokens.
DN404 offers a unique proposition by enabling fractional ownership of NFTs. This means that users can now own and trade portions of an NFT, breaking away from the traditional concept of owning an entire token. This hybrid standard promises increased market liquidity and accessibility within the NFT space.
Cygaar, a pseudonymous developer, has offered insights into the significance of DN404. According to Cygaar, "ERC404 took the crypto world by storm over the past few days, but it doesn’t follow existing standards, is inefficient, and breaks at certain edge cases." This critique sheds light on the potential drawbacks of ERC-404 and highlights the need for alternative standards like DN404.
The introduction of DN404 could potentially revolutionize how NFT transactions are conducted. By allowing for more flexible and efficient trading, DN404 opens up new possibilities for both creators and collectors in the NFT ecosystem.
However, it's essential to note that DN404 is still in its experimental phase and has not undergone formal auditing. As with any new blockchain innovation, potential adopters are advised to proceed with caution due to inherent risks associated with untested standards.
The recent surge in Ethereum gas fees has been attributed to the frenzy surrounding ERC-404. As users flock to experiment with this new standard, transaction costs on the Ethereum network have soared to an eight-month high, highlighting the urgent need for more efficient solutions like DN404.
Alongside DN404, another experimental standard has gained traction in the crypto community – ERC-404. Like its counterpart, ERC-404 aims to merge the features of fungible and non-fungible tokens, creating semi-fungible tokens.
One notable example of the impact of ERC-404 is Pandora, the first token to implement this standard. Within just one week, Pandora experienced an astronomical rise of 12,000%, surpassing the US$32,000 mark. This unprecedented growth underscores the growing interest in alternative NFT standards.
As the NFT landscape continues to evolve, the emergence of standards like DN404 and ERC-404 signals a shift towards greater flexibility and accessibility in tokenized assets. While these standards bring exciting possibilities, it's crucial for stakeholders to approach them with a measured perspective, balancing innovation with caution. In the ever-changing world of blockchain technology, adaptability is key to unlocking the full potential of NFTs.
PayPal has added Solana (SOL) and Chainlink (LINK) to its supported cryptocurrencies for US users, expanding its crypto offerings alongside Bitcoin, Ethereum, and others. US-based users can now buy, sell, and hold these assets, but transfer to external wallets has not been confirmed.
AnaisTrump’s “Liberation Day” policy enacts sweeping tariffs, starting at 10%, with steep levies on China (34%), the EU (20%), Taiwan (32%), and Israel (17%). Markets have reacted sharply, wiping out Bitcoin’s recent gains. Is a global trade war imminent?
CatherineEthereum co-founder Vitalik Buterin has once again captured the crypto community's attention with a peculiar viral video.
XingChiThe T3 Financial Crime Unit froze $9 million from the $1.4 billion stolen in the Bybit hack, believed to be carried out by North Korean hackers. for information leading to asset recovery.
WeatherlyTrump Media has partnered with Crypto.com to launch ETFs featuring digital assets and US securities. Crypto.com will act as the broker, supporting the initiative alongside World Liberty Financial's crypto strategy. But is this another overreach?
CatherineAn attacker exploited a security flaw in the AIXBT crypto bot’s dashboard, stealing 55.5 Ether, valued at $106,200. The bot’s team has since migrated servers, enhanced security, and reassured users that core systems were unaffected by the breach.
AnaisVitalik Buterin recently sold several meme tokens and minted DAI, accumulating 71.69 ETH. His sale of DHN tokens caused a 57% drop in their value, sparking discussions about his market strategy.
WeatherlyBitcoin has dropped to $78,500, a four-month low, while Ethereum hits its weakest level since November 2023. Some predict BTC could fall to $70,000, while others see rising M2 liquidity as a recovery signal. With macroeconomic headwinds and no clear bullish catalysts, is Bitcoin bottoming out or headed for further losses?
CatherineTrump’s White House crypto summit disappointed investors, offering only vague promises on stablecoin legislation and regulation instead of major policy shifts. Could his presidency threaten the future of digital assets?
CatherineTrump’s trade war spurred a market downturn, wiping out billions in a day. Bitcoin fell below $85,000, Ethereum dropped 11%, and crypto lost $500 billion, erasing gains from his US Crypto Reserve announcement. Is this a brief dip or a deeper decline?
KikyoAs a revolutionary force, NFT is changing the way we think about and interact with digital ownership, attracting widespread attention from creators, investors, and enthusiasts.
JinseFinanceNFT, contract, ETH, the explosion of ERC404 makes NFT great again Golden Finance, the explosion of ERC404 makes NFT great again
JinseFinanceShiba Inu launches SHEboshis NFTs on ERC-404, enhancing liquidity and ownership, despite a minting bug resolved by increasing supply.
SanyaERC404, Pandora, open the box of ERC404 and Pandora Golden Finance, the seamless integration of fungible tokens and non-fungible tokens
JinseFinanceYears ago, ERC404 attracted a lot of attention, which once caused Ethereum gas to surge. Currently, $PANDORA has retreated to more than 10,000. Just when the initial popularity has subsided, let’s have a rational chat.
JinseFinanceDuring this Spring Festival, people in almost all industries are anxious, and only people in the encryption circle are excited.
JinseFinanceAt present, in addition to Pandora itself, there are many token projects minted according to the ERC-404 standard, and OKX Web3 Wallet has a separate column for them.
JinseFinanceERC404 merges NFT uniqueness with cryptocurrency liquidity, introducing Replicants to revolutionize trading and ownership on the Ethereum blockchain, marking a pivotal evolution in digital assets.
WeiliangPandora, ERC404, Bankless: ERC-404 and its importance Golden Finance, unveils the new experimental token standard.
JinseFinanceThe attacker gained unauthorised access to Galxe's domain account, manipulating it to redirect visitors to a counterfeit website and execute transactions that siphoned off their funds.
Davin
