Summary
ERC-404s aim to improve the fractionalization and trading of NFTs by combining ERC-20 and ERC-721 token standards. This allows for the creation of “semi-fungible” tokens, enhancing liquidity and ownership splitting.
Key Points
1. ERC-404s aim to simplify the process of fractionalizing and trading non-fungible tokens (NFTs) by combining two existing token standards, ERC-20 and ERC-721.
2. The core concept of ERC-404s is to create “semi-fungible” tokens, which allow for improved liquidity and easier ownership splitting of NFTs.
3. By leveraging the features of ERC-20 and ERC-721, ERC-404s have the potential to enhance the functionality and accessibility of NFTs within the Ethereum ecosystem.