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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

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    Shrapnel to Leave Avalanche in New Partnership with Gala Games

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Blockchain Bookmakers: A New Era of Fair and Secure

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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Home Web 3

Bitcoin Went From $250 to $32,000 in 7 Years — This Token Did It IN A WEEK.

February 12, 2024
in Web 3
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Bitcoin Went From $250 to $32,000 in 7 Years — This Token Did It IN A WEEK.
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TL;DR

  • ERC-404 takes features from ERC-20 & ERC-721, and mashes them together.

  • ERC-404 aims to combine two functions together, so folks can buy fractional shares of an NFT.

  • This opens up a whole bunch of new use cases, e.g. NFT real estate — mint a property as an NFT → let buyers purchase fractional share of it, from $1-$1M+

  • Pandora, the first (so-called) ERC-404 token, went from $250 to (get this) $32,000 in the first 10 days of Feb!

Full Story

When you walk into McDonald’s – what’re you ordering?

Probably depends on your mood and appetite, right? But whichever option you choose — you’re still dining at Macca’s.

Same goes for ‘ERC standards’ on Ethereum.

Each standard is like an option on a menu — ERC-20 issues plain old Ethereum tokens, while the ERC-721 standard is responsible for creating/issuing NFTs.

But whichever option you choose – you’re still buying crypto assets on the Ethereum network.

Well, recently, someone added a new menu item to the ETH ecosystem, called ERC-404 — and it’s the Ethereum version of ‘a Quarter Pounder combined with a Big Mac.’

ERC-404 takes features from ERC-20 & ERC-721, and mashes them together.

The result? Fractionalized NFTs.

What does that mean? You know how when you buy Ethereum (an ERC-20 token), you don’t have to buy a whole token? You can buy a fraction if you want — say .10 ETH (~$250). But when you buy an NFT — say, a Crypto Punk — you’re buying the whole thing (~$150k) or nothing at all.

See also  Making ‘Ready Player One’ Non-Fiction

ERC-404 aims to combine those functions together, so folks can buy fractional shares of an NFT.

(Opening up a whole bunch of new use cases, e.g. NFT real estate — mint a property as an NFT → let buyers purchase fractional share of it, from $1-$1M+)

ERC-404 isn’t even an official standard yet, and the market is already running with it.

Pandora, the first (so-called) ERC-404 token, went from $250 to (get this) $32,000 in the first 10 days of Feb!

(It took Bitcoin 7 years to move the same distance in coin price — though to be fare, Pandora has a total supply of 8k tokens, vs. BTC’s 21M).

Still, that’s WILD.

Tags: BitcoinTokenWeekYears

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