Layer 1 Injective Introduces ‘CW-404’ to Capitalize on the ERC-404 Hype
Injective has partenred with DEX DojoSwap to introduce the CW-404 standard.
Standard
Ethereum Developers Create ‘DN-404’ Tokens After ERC-404s Send Network Fees Surging
The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it’s already driven up congestion on the Ethereum blockchain.
What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week
ERC-404 allows multiple wallets to directly own a single NFT and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.