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Coop pfp
Coop
@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
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Samir 🎩 pfp
Samir 🎩
@0xsamir
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
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Samir 🎩 pfp
Samir 🎩
@0xsamir
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
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Zenigame pfp
Zenigame
@zeni.eth
As a dev who just learned what this is right now, is it possible to name it something else?
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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
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Rani pfp
Rani
@4484
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.
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gino.eth πŸ”΅ pfp
gino.eth πŸ”΅
@gino
i still think 404s have legs but we need the space to get like 30% more serious first before we can even know if the degen market would be into it. it's too early. it's like earlier than early, which is probably too early.
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Panji 🟑 βŒβ—¨-β—¨ pfp
Panji 🟑 βŒβ—¨-β—¨
@pramadan.eth
It has potential and too early too judge for me.
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henrywif🍡 pfp
henrywif🍡
@hz
We like the 404s. We like the /chiblings. πŸ₯°
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edwardf pfp
edwardf
@gn0madic
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?
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David🎩 pfp
David🎩
@fourty4
This sounds like an effective enough check though.
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Urb pfp
Urb
@urb2128
It will peak again, no doubt about that
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m a s pfp
m a s
@m-a-s
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 = ✨
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artman πŸ–ΌοΈπŸ§ΎπŸ–πŸŽ© pfp
artman πŸ–ΌοΈπŸ§ΎπŸ–πŸŽ©
@altanon
it has potential that has not been reached yet
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Passion pfp
Passion
@passion
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.
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Rafaello.base.eth pfp
Rafaello.base.eth
@rafaello12
This mechanism can maintain scarcity and increase the value of the remaining NFTs, providing a deflationary effect in the NFT market​.
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Cashcore pfp
Cashcore
@cashcore
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!
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LucentMonk πŸ–***🎩 pfp
LucentMonk πŸ–***🎩
@chado
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?
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Edward H. Carpenter pfp
Edward H. Carpenter
@ehcarpenter
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...
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riya πŸŽ©πŸ–β“‚οΈπŸ˜ΉπŸ¦‹ pfp
riya πŸŽ©πŸ–β“‚οΈπŸ˜ΉπŸ¦‹
@nmeow.eth
It peaked when launched with $pandora Every tech in crypto has waves, so we will see wave 2 (Just like farcaster, ordinals )
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