Content pfp
Content
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jacopo pfp
jacopo
@jacopo
ok I’ll bite, what is erc-404
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greyseymour.eth pfp
greyseymour.eth
@greyseymour
it’s a token model whereby you can buy and sell parts of onchain media. if you hit whole numbers, you get corresponding number of NFTs eg: 0.99 $MYST - no NFT 1 $MYST - 1 NFT 1.5 $MYST - 1 NFT 2 $MYST - 2 NFTs sell or transfer 1 $MYST - NFT transferred too HIGHLY experimental, didn’t go thru official ERC process
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jacopo pfp
jacopo
@jacopo
why not just use erc1155, which is already a battle tested standard?
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pifours.eth 👁️ 🇺🇦 pfp
pifours.eth 👁️ 🇺🇦
@pifours.eth
because of liquidity and trading tools in general But honestly, for me, it moves focus from the art so far it is hard even compare it to classic 721
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greyseymour.eth pfp
greyseymour.eth
@greyseymour
I would generally agree - it sort of signals to me that you’re aggressively commodifying the art - why make it so aggro liquid unless you’re pretty exclusively speculating vs collecting? I threw a little bit of $ at a few 404 projects w cool art today but there’s a reason I don’t didn’t mention it re mrphs!
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