{"id":5478,"date":"2024-02-29T09:24:45","date_gmt":"2024-02-29T02:24:45","guid":{"rendered":"https:\/\/wam.vn\/en\/?p=5478"},"modified":"2024-02-29T09:24:45","modified_gmt":"2024-02-29T02:24:45","slug":"erc-404-next-100x-cryptos-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/wam.vn\/en\/erc-404-next-100x-cryptos-what-you-need-to-know\/","title":{"rendered":"ERC-404: Next 100X Cryptos?! What You Need To Know!"},"content":{"rendered":"<p><em><strong>TLDR<\/strong>: ERC-404 tokens merge NFTs with tokens, introducing fractional ownership and potential market transformation amidst high risk and speculation<\/em><\/p>\n<p>This article is a summary of a You Tube video &#8220;ERC-404: Next 100X Cryptos?! What You Need To Know!&#8221; by Coin Bureau<br \/>\n<iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/zqnmjRHjwY8?si=VW26Qx9dBgJcpxGM\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3>Key Takeaways:<\/h3>\n<ol>\n<li><strong>Introduction of ERC-404 Tokens<\/strong>: ERC-404 tokens represent a novel asset class in the cryptocurrency market, aiming to merge tokens and NFTs into a single asset, potentially reshaping the NFT industry.<\/li>\n<li><strong>High Risk and Speculative Nature<\/strong>: Given their newness, ERC-404 tokens come with high levels of risk and speculation. Investors are cautioned against making decisions based on the hype alone.<\/li>\n<li><strong>Potential to Transform the NFT Market<\/strong>: By allowing NFTs to be fractionalized into smaller, more affordable ERC-20 tokens, ERC-404 could make high-value NFTs accessible to a broader audience.<\/li>\n<li><strong>Origins in Community Innovation<\/strong>: The ERC-404 standard originated from the community, specifically a project called Pandora by pseudonymous developers, following a failed attempt with a similar concept.<\/li>\n<li><strong>Experimental and Unofficial<\/strong>: Currently, ERC-404 is an experimental token standard not officially recognized or approved, adding an element of uncertainty regarding its future acceptance and stability.<\/li>\n<li><strong>Fractional Ownership of NFTs<\/strong>: ERC-404 enables the fractionalization of NFTs into ERC-20 tokens, addressing liquidity issues in the NFT market by making expensive NFTs more accessible.<\/li>\n<li><strong>Concerns over Rarity and Ownership<\/strong>: Fractionalization raises questions about the ownership and rarity of NFTs, as selling parts of an NFT could alter its ownership and uniqueness.<\/li>\n<li><strong>Market Speculation and Volatility<\/strong>: The excitement around ERC-404 tokens is largely driven by retail investors, leading to potential market volatility and speculation.<\/li>\n<li><strong>Opportunities for Diversification<\/strong>: Despite the risks, ERC-404 presents new opportunities for diversification in crypto portfolios, especially for those interested in NFTs but constrained by high prices.<\/li>\n<li><strong>Future Possibilities and Developments<\/strong>: The adoption and development of the ERC-404 standard could lead to significant changes in the NFT and broader crypto markets, with the potential for official recognition and further innovation.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>ERC-404 tokens merge NFTs with tokens, introducing fractional ownership and potential market transformation amidst high risk and speculation.<\/p>\n","protected":false},"author":3,"featured_media":5479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-5478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-39","description-off"],"_links":{"self":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts\/5478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/comments?post=5478"}],"version-history":[{"count":1,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts\/5478\/revisions"}],"predecessor-version":[{"id":5480,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/posts\/5478\/revisions\/5480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/media\/5479"}],"wp:attachment":[{"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/media?parent=5478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/categories?post=5478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wam.vn\/en\/wp-json\/wp\/v2\/tags?post=5478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}