tl;dr
Injective, a Layer 1 blockchain, has introduced the CW-404 standard, a replica of the ERC-404, to its network, making it more accessible to users and allowing for financial use cases. The CW-404 standard is a way for Injective to bring some of the investment from Ethereum to its own network, and the...
html
Injective, a Layer 1 blockchain, has introduced the CW-404 standard, a replica of the ERC-404, to its network, making it more accessible to users and allowing for financial use cases. The CW-404 standard is a way for Injective to bring some of the investment from Ethereum to its own network, and the Sushi Fighter NFT collection is the first to utilize this standard, featuring generative profile pictures and custom minting logic. The standard is a port of the ERC-404 and combines the CW-20 and CW-721 standards, which relate to token issuance and NFTs, respectively.
Layer 1 blockchain Injective introduced the CW-404 standard, a replica of the wildly popular experimental token standard ERC-404, for its network on Friday. The Cosmos-based Injective is teaming up with decentralized exchange DojoSwap to offer the CW-404 standard. CW-404 is a port of the ERC-404 and combines the CW-20 and CW-721 standards, which relate to token issuance and NFTs, respectively. ERC-404 is an unofficial Ethereum token standard that allows multiple wallets to directly own a single non-fungible token (NFT) and gives its holders the ability to create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.