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qw
@qw
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
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qw
@qw
Lots of trading = lots of mindshare Lots of trading also = lots of users feeling the magic
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Salvino Armati ↑
@salvino
what are the primary criticisms of the naysayers?
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Jiawen
@jiawen
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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punk.degen 🎩
@smol
1000 $degen
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noclue
@noclue
it's mindshare, final form might not be erc404, but the concept is here to stay, combining ERC20 and ERC721
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nicovrg (fut/acc)
@nicovrg
always wonder if this is result of launch path dependency. things you cant control like timing (infra, market liq, meta), distribution graph (first people to find out & propagate from their regions toward their connections) etc ... because i dont see a revolution here. if so means there is a lot of ideas to re revisit
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Jetski - She/Her
@jetski
Definitely. Despite its limitations, erc404 highlights an insight on market adoption potential This one below is worth a read/follow: https://x.com/0xcygaar/status/1756073273803120686?s=46&t=5q3ocAy2qg6-JMUfz99qiQ
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yangwao ↑
@yangwao
I bet it's way better than Ordinals & Inscriptions, yet still someone found old tech and repurposed it, which ain't bad. Medium of value has many shapes & forms
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VeggieChicken🎩
@veggie
had a friend ask if they should launch their nft project as erc404 and a chad said “erc404 literally means you don’t care about the art”
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BrightFutureGuy 🎩🔮↑
@bfg
I think this always stands “distribution > tech” 😇 But there’s, I’d say, almost unexpected success dynamic wirh erc404 🤷♂️
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