Updated thought on erc404:

I don’t recall ever seeing a fractionalized nft trading $70m volume at $200m on day 1 

Naysayers may be right about erc404 tech limitations, but this may be one of those cases where distribution > tech

I think because it's native protocol on ethereum , so it's different from many off-chain NFT-fi solution. The mass-adoption speed is incredible.

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Also friction seems v low for devs. U launch a 404, it automatically works on uniswap and opensea