2024-02-13
Ethereum is experimenting with the new
ERC-404 standard. This allows NFTs to be
divided into fractions. Multiple NFT
owners can own and trade a fraction of an NFT.
Cryptocurrencies that run on Ethereum blockchain are known as ERC-20 tokens. They can be divided up to 18 decimal places.
NFTs on Ethereum use ERC-721, they are
being sold as a whole and indivisible. That is why NFTs are called non-fungible
token.
ERC-404 is in the middle between ERC-20
and ERC-721 tokens. ERC-20 is fungible token and ERC-721 is non-fungible token. ERC-404 enables fractional trading for NFTs
Pandora NFT collection is the first
ERC-404 project launched in Feb 2024. It is the most valuable ERC-404. As of Feb 13, 2024 Pandora has market cap of $205 million. 
