{"description":"e ERC-404 tokens stand as a groundbreaking experiment within the Ethereum blockchain, pushing the boundaries of traditional token standards. This experimental standard, developed by pseudonymous creators \"ctrl\" and \"Acme,\" seeks to revolutionize the landscape by blending the features of both ERC-20 and ERC-721 tokens. Here, In the context of ERC-404, a token standard refers to a set of rules and specifications that define how tokens should be created, transferred, and managed on the Ethereum blockchain.

What Is ERC-404 Token Standard on Ethereum?

Ethereum, known for its flexibility and smart contract capabilities, introduces the ERC-404 token standard—The ERC-404 token standard is an experimental standard that introduces a hybrid approach, combining features from two well-known token standards: ERC-20 (fungible tokens) and ERC-721 (non-fungible tokens).

Specifically, ERC-404 aims to create \"semi-fungible\" tokens, allowing for both unique and divisible asset representations on the blockchain. It provides a blueprint for developers to create tokens that have characteristics of both fungible and non-fungible tokens, enabling fractional ownership of non-fungible assets.

In the ERC-404 token standard, the rules dictate how tokens are associated with non-fungible assets, how they can be divided into smaller units, and how ownership and trading of these tokens occur. The standard outlines the smart contract functionalities and interfaces that developers should adhere to when implementing ERC-404 tokens, ensuring compatibility and interoperability across different projects and platforms that choose to adopt this standard.","isQuoted":true,"title":"A Deep Dive into ERC-404's Experimental Design","createdBy":{"id":"86830","email":"edudibem@gmail.com","full_name":"Dibem Edu","avatar":"https://lh3.googleusercontent.com/a/ACg8ocJ_wcLojbnDbRpfJeWtz-V7Ny-Ej_cp9pSWRUdNY8Am=s96-c","company_id":152,"role_in_organization":"Content Fellow","is_public":true,"roles":["Expert"],"company":{"company_id":152,"company_name":"NODO","slug":"nodo","discover_flg":true,"logo_url":"https://admin.nodo.xyz/wp-content/uploads/discover/logo/NODO_logo.png"}},"slug":"a-deep-dive-into-erc-404-s-experimental-design","postId":"36261"}