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@Spotlight404

Shared 1 year ago

Q&A for 404s - drop your questions about 404s - infinite thread

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@Yagami

Comment written 1 year ago

If 404's are fractional, then they would presumably be similar in a way to a regular token. So what are the core differences between 404's and erc20's?

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@Spotlight404

Replied to comment 1 year ago

Essentially ERC404 is a combination of ERC20 and ERC721 (NFT).

When you purchase a whole token (ERC20) you will also receive an nft (ERC721).

This mechanism actually solves the liquidity problem of traditional NFTs, since it ties them to a token with a liquidity pool (tradable at any time).

This is the future my friend.

We have written a full explanation here https://musing.io/c/404

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