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Post: ERC-404: A Hybrid Standard for Fungible and Non-Fungible Tokens on Ethereum

ERC-404: A Hybrid Standard for Fungible and Non-Fungible Tokens on Ethereum

Key Points:

  • An unofficial Ethereum standard called ERC-404 is being proposed as a hybrid of ERC-20 and ERC-721 standards.
  • The standard aims to combine the fungible and non-fungible token (NFT) functionalities.
  • The creators of ERC-404, known as “ctrl” and “Acme” under the project name Pandora, are working on submitting an Ethereum Improvement Proposal (EIP).
  • ERC-404 has not been audited and currently lacks official recognition.

ERC-404 Aims to Create a Hybrid of Fungible and Non-Fungible Tokens

ERC-404, an experimental Ethereum standard proposed under the project Pandora, intends to merge the ERC-20 fungible token standard with the ERC-721 non-fungible token (NFT) standard. The goal is to combine the features of both standards, allowing for the creation of unique tokens with exchangeable and divisible properties.

Creators of ERC-404 Working on Submitting Ethereum Improvement Proposal

The developers behind ERC-404, using the pseudonyms “ctrl” and “Acme,” are reportedly working diligently to submit an Ethereum Improvement Proposal (EIP) for the standard. Once submitted, it will go through the governance process for potential inclusion as an official standard on the Ethereum blockchain.

ERC-404 Currently Unaudited and Unofficial

Despite the name, ERC-404 has not undergone an auditing process or received official recognition. It remains an experimental standard proposed by the creators and is yet to gain widespread adoption or acceptance.

Hot Take:

The concept of a hybrid standard combining the functionalities of ERC-20 and ERC-721 tokens is intriguing. It could open up new possibilities for tokenization and asset representation on the Ethereum blockchain. However, without auditing and official recognition, ERC-404 may face challenges in gaining widespread adoption and trust from the Ethereum community. It will be interesting to see how the developers navigate these hurdles and whether ERC-404 becomes a recognized Ethereum standard in the future.

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