Following ERC-404, Here Comes DN404 + More NFT News
Top NFT news today, February 13, 2024: Following ERC-404, a new divisible NFT format called DN404 has launched, Magin Eden has announced its Ethereum marketplace launch, and Deadfellaz launched 10,000 Bitcoin Ordinals.
The non-fungible token (NFT) sales volume currently stands at $36,917,776. It is up 0.19% over the past 24 hours.
In the same period, buyers, sellers, and transactions have gone up 5%, 1%, and 7%, respectively.
When it comes to the top 10 collections by sales volume over the past day, Pandora is still in first place with $6,560,152, despite a 16% drop.
Art Blocks increased the most in a day: 444% to $843,870. Meanwhile, Doodles dropped the most: 47.47% to $855,826, according to CryptoSlam.
Today in NFT news: a team of developers reveal a new, experimental blend of ERC-20 and ERC-721 standards; Magic Eden launches its Ethereum marketplace in two weeks; and Deadfellaz creators, DFZ Labs, launch 10,000 Bitcoin Ordinals.
Following the recent launch of an unofficial Ethereum standard ERC-404, a different team of developers announced the launch of the ‘Divisible NFT’ standard (DN404).
Developer “cygaar” announced the launch of DN404, calling it “a hybrid ERC20/721 token.” Per GitHub, it is an implementation of a co-joined ERC-20 and ERC-721 pair.
The team also includes vectorized.eth, quit, 0xjustadev.eth, michaelamadi.eth, and Pop Punk.
Some may argue that these hybrid tokens are nothing more than ERC1155s with extra flair.
I argue that having NFTs that can trade on NFT exchanges as well as DEXes is a new unlock that we haven't seen before. Native fractionalization adds more liquidity to NFT projects.
— cygaar (@0xCygaar) February 12, 2024
Pandora’s ERC-404 combines the popular ERC-20 (token standard) and ERC-720 (NFT
Read more on cryptonews.com
