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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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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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

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

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
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  • Web 3
    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

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    Blue chip NFTs sink double digits as ETH retreats from record highs

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    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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

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Home Web 3

Introducing ERC404 – The Merging of ERC20 and ERC721

February 7, 2024
in Web 3
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Introducing ERC404 – The Merging of ERC20 and ERC721
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Enhancing Security in Online Gambling with Blockchain Technology

ERC404, the newest token standard on the block, combines features of both ERC20 and ERC721 standards. This experimental standard has been gaining traction in the crypto community, with an astounding $87 million in trading volume on decentralized exchanges within its first week. Additionally, nearly $1 million worth of ERC404 tokens have been traded on NFT marketplaces. So what exactly is ERC404 and why is it generating so much interest?

The Birth of Pandora 

Pandora, the first project built on the ERC404 standard, offers a unique combination of 10,000 ERC-20 tokens and 10,000 associated “Replicant” NFTs. 

What sets this project apart is the dynamic relationship between the tokens and NFTs. For every full PANDORA token purchased on an exchange, 1 Replicant NFT is minted to the buyer’s wallet. On the other hand, selling 1 PANDORA token results in the connected NFT being burned. 

This creates a constantly fluctuating market for these unique Replicants. And as expected, the demand for these tokens and NFTs has been skyrocketing since its launch.

Merging the Best of ERC20 and ERC721

ERC404 may still be in its early stages, but it is already showing immense potential. By merging the rules of ERC20 and ERC721, this standard allows each Replicant to have properties of both a token and an NFT. This is a significant deviation from fractionalized NFTs, which only allow for partial ownership of an NFT. 

Furthermore, ERC404 improves liquidity for NFTs by enabling users to sell tokens on popular decentralized exchanges like Uniswap, which has substantial liquidity. And when a fungible token linked to an NFT is sold, the NFT gets destroyed, creating a dynamic market for rare Replicants.

See also  Guide to NFT Staking and Earning Passive Income

The Future of ERC404 

It’s no surprise that ERC404 has already generated high trading volumes and substantial fees for liquidity providers on Uniswap. Marketplaces like Blur have quickly integrated this standard, with other platforms and NFT projects following suit. The potential for ERC404 is endless, and it’s only a matter of time before more projects adopt this standard.

Conclusion

In conclusion, ERC404 is an innovative step towards merging the features of ERC20 and ERC721 standards. With its first project, Pandora, already making waves in the crypto community, it’s no doubt that this new token standard has tremendous potential. 

As more platforms and projects integrate ERC404, we can expect even higher trading volumes and a dynamic market for rare NFTs. Keep an eye out for this new standard as it continues to shape the world of crypto and NFTs. 

Tags: ERC20ERC404ERC721IntroducingMerging

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Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

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Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

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UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

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Bitcoin: Did ‘smart money’ have a hand in BTC’s slip below $65k?

Bitcoin: Did ‘smart money’ have a hand in BTC’s slip below $65k?

September 30, 2024
Blockchain Identity Management Market Poised for 74.9 % Growth, Set to Hit $26.74 Billion by 2029

Blockchain Identity Management Market Poised for 74.9 % Growth, Set to Hit $26.74 Billion by 2029

March 18, 2025
Belgium to Push European Blockchain Network During EU Council Presidency, Digital Minister Says

Belgium to Push European Blockchain Network During EU Council Presidency, Digital Minister Says

December 19, 2023
Ethereum: Why 298,000 ETH tokens were bought in just 24 hours

Ethereum: Why 298,000 ETH tokens were bought in just 24 hours

June 14, 2024

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