Giuliano Giacaglia
@giu
“I am a big fan of the DN 404 token standard as well. It's actually just ERC-404, but there's a more specific spec called DN-404. These are basically hybrid tokens that are both NFTs and ERC-20s at the same time. And the NFT you get is random out of the one 100 items. And if you have one unit, right? If you sell 0.1 of your unit, your NFT goes away. So basically the NFTs exist in your wallet when you own more than one whole unit of the token. The benefit of it is that these tokens could be liquid and tradable on decentralized exchanges” @mikedemarais.eth https://www.youtube.com/watch?v=-OzLZPUh64Y
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Setter
@setter
We have these charts to help explain DN-404 for people that are visual learners. and talk more about it on the "dual-tokens" section of our site and how we use them at /setter. https://www.setter.co/dual-tokens
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flick the dev 🎩📦
@flick
love dn404 which is why I helped @fameladysociety launch their community nft collection as a dn404 on base ($FAME)
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Abubakar🎩
@bigbenz
If I understand this well, to sustain owning an NFT I just have to own more than 1 unit ?? Say if I have 2 units and I sell 0.2, I should still have my NFT right ? But if I have 1 unit and I sell 0.1, I have 0.9 units left, and my NFT is all gone ?
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Lukaa
@lukaa
this is really interesting @mikedemarais.eth the concept of hybrid tokens definitely adds a new layer of flexibility to how nfts and erc-20s can be utilized love to see more innovation in the space, especially with the ability to trade these on decentralized exchanges while still having nft like uniqueness how do you see DN-404 evolving in the current defi ecosystem?
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Nat Emodi
@emodi
fun standard for regulators
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uikip
@kpo
Free and unrestrained @sektor @withcoffee
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Fame Lady Society
@fameladysociety
we love dn (404)
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