Coop on Warpcast

Content pfp

0 reply

0 recast

0 reaction

Coop pfp

@coopahtroopa.eth

What do people think about 404s? TLDR - hold a certain amount of fungible tokens to unlock an NFT. Sell below the threshold and the NFT is burned. Do we like 404s or what's our general sentiment on them? Rain 5000 $DEGEN

20 replies

12 recasts

45 reactions

mike rainbow (rainbow mike) ↑ pfp

mike rainbow (rainbow mike) ↑

@mikedemarais.eth

we like dn404s specifically the dn404 spec makes 404s much more compatible with existing protocols / infra https://github.com/Vectorized/dn404

2 replies

0 recast

17 reactions

Rani pfp

not a fan. i do not see where they can useful. their fungible properties are not better than erc20s. their non fungible properties are not better than erc721s.

0 reply

0 recast

0 reaction

Panji 🟡 ⌐◨-◨ pfp

Panji 🟡 ⌐◨-◨

It has potential and too early too judge for me.

0 reply

0 recast

0 reaction

henrywif🍵 pfp

We like the 404s. We like the /chiblings. 🥰

0 reply

0 recast

0 reaction

edwardf pfp

it's a new decentralized distribution method, I love the creativity and I guess it's easier for people to get more expensive NFTs by saving up their tokens over time?

0 reply

0 recast

0 reaction

Samir 🎩 pfp

it is still confusing to like it or not, you may got both answers. Also may depend on each one how he deal with his assets or NFTs or trades

0 reply

0 recast

0 reaction

Samir 🎩 pfp

it is still confusing to like it or not, you may got both answers. Also may depend on each one how he deal with his assets or NFTs or trades

0 reply

0 recast

0 reaction

tranvgiang☀️🔵🎩 pfp

tranvgiang☀️🔵🎩

@tranvgiang.eth

I think 404s allow for more flexibility in ownership and trading. It helps retailers sell portions of high-value NFT to multiple buyers. Btw, I still don't like the fact that NFT projects are tied to tokens because most NFTs drop in price after TGE.

0 reply

0 recast

0 reaction

m a s pfp

I think the gachapon/loot crate/re-roll mechanics have a lot of potential, esp in gaming/gamifying projects...very underexplored right now. I need to learn more, but if it is compatible with big 20 & 721 platforms as is, seems like it could be BIG. NFTs ^ Memecoins = ✨

0 reply

0 recast

0 reaction

Zenigame pfp

As a dev who just learned what this is right now, is it possible to name it something else?

1 reply

0 recast

0 reaction

artman 🖼️🧾🍖🎩 pfp

artman 🖼️🧾🍖🎩

it has potential that has not been reached yet

0 reply

0 recast

0 reaction

Passion pfp

Fun concept but I don't see any justifiable uses. The NFT component is -EV by creating additional dependencies. In every case I can think of, I'd prefer to just implement a swap contract that establishes some exchange rate between the token and NFT.

0 reply

0 recast

0 reaction

Rafaello.base.eth pfp

Rafaello.base.eth

This mechanism can maintain scarcity and increase the value of the remaining NFTs, providing a deflationary effect in the NFT market.

0 reply

0 recast

0 reaction

LucentMonk 🍖***🎩 pfp

LucentMonk 🍖***🎩

DN404s are awesome. It allows for new mechanisms and increased nft liquidity, but using existing infrastructure that is already battle tested. Plus they are fun. Any project(s) in particular you are thinking about?

1 reply

0 recast

0 reaction

Edward H. Carpenter pfp

Edward H. Carpenter

I think it's a very interesting concept... I take it this would be an alternative to staking, as an incentive to hodl vice sell into a rising token price? I think it has potential... Would you see the NFTs as being 1/1s, editions, or attribute-variants (think Punks, etc) ? Will post a couple more questions below...

1 reply

0 recast

0 reaction

riya 🎩🍖Ⓜ️😹🦋 pfp

riya 🎩🍖Ⓜ️😹🦋

It peaked when launched with $pandora Every tech in crypto has waves, so we will see wave 2 (Just like farcaster, ordinals )

0 reply

0 recast

0 reaction

David🎩 pfp

This sounds like an effective enough check though.

0 reply

0 recast

0 reaction

Urb pfp

It will peak again, no doubt about that

0 reply

0 recast

0 reaction

Cashcore pfp

Quite an interesting approach in maintaining a good price of the token honestly. But at what point it becomes too punishing for those who holds the NFT? 1 $DEGEN for sparking the discussion!

0 reply

0 recast

0 reaction