Coinspeaker
“Divisible NFT” Newcomer DN404 Promises Improved Features Over ERC-404
New advancements are constantly being made to improve existing protocols, and one such development is DN404. It aims to challenge ERC-404, a recently launched hybrid token and non-fungible token standard. DN404, also known as “Divisible NFT”, introduces exciting new capabilities.
At its core, DN404 aims to enable seamless fractionalized trading of Non-Fungible Tokens (NFTs). This creates the ability to divide ownership of an NFT into smaller, tradable units that can be easily traded across different exchanges. Similar to ERC-404, DN404 is a hybrid token that combines features from the ERC-20 and ERC-721 standards. However, DN404 claims to have built-in fractionalization features. It consists of two key components: a base ERC-20 contract for facilitating fractional trading and an ERC-721 contract for minting and burning NFTs.
According to cygaar, the pseudonymous developer of DN404, this approach
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