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ERC404 / Opensource
Last updated
ERC404 / Opensource
Last updated
The ERC404 is the latest token standard within the Ethereum ecosystem, representing an evolution from the well-known ERC721. It is a smart contract designed for the creation, issuance, and management of non-fungible tokens (NFTs). Unlike its predecessor, ERC404 introduces additional functionalities and mechanisms allowing for more complex interactions between tokens and their holders, such as fractional ownership, advanced copyright features, and the ability to create more complex digital ecosystems.
ERC404 paves the way for new possibilities in the digital art and collectibles space. It enables, for instance, the division of an artwork into smaller, fractional NFTs, democratizing investment in art and allowing multiple users to hold a piece of the original work.
