DN-404: Pioneering the Future of NFT Fractionalization and Gas Efficiency
The DN-404 development team is focused on addressing the challenges associated with gas efficiency that are present in the original ERC-404 framework, while still acknowledging the endeavor as a somewhat superficial solution that caters to existing consumer interest.
On February 2, a new, experimental concept for a cryptocurrency based on Ethereum, known as ERC-404, was introduced by a group of anonymous developers. This concept aimed to merge cryptocurrency with NFTs (Non-Fungible Tokens). Following this, Pandora, the inaugural token conforming to this standard, experienced a meteoric rise of over 12,000% in value, escalating from $250 to more than $30,000, before experiencing a significant drop.
This innovative project aimed at transforming the landscape of fractionalized NFTs and enhancing the market liquidity of digital
First found on: https://coinatory.com/cryptocurrency-news/dn-404-pioneering-the-future-of-nft-fractionalization-and-gas-efficiency-17233/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP
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