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Setter
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What is DN-404 and Why Should You Care About Hybrid DeFi? TL;DR: It’s an NFT that’s also a token! A DN-404 is a dual token combining fungible ERC20 tokens and non-fungible 721 NFTs. Minted via Ethereum’s DN-404 standard, each NFT in a DN-404 collection represents x number of tokens. The exact number of tokens per NFT can vary based on the collection’s unique tokenomics—rarity can also affect the token allotment per NFT.
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@setter
Why Does This Matter? DN-404 brings the best of both worlds, blending fungible tokens and non-fungible tokens: Fungibles: • Instant liquidity • Lower barrier to entry • Larger community • Attracts interest from DeFi/Crypto natives Non-fungibles: • Unique art and traits • Brandable PFPs • ‘Re-roll’ for rare traits • Huge potential for in-game items & lootboxes
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@setter
Learn More About Dual Tokens The DN-404 token sits at the heart of the Setter ecosystem, offering the perfect hybrid of fungible and non-fungible elements. This includes the $STR token (ERC-20) and the Setter Pass NFT (ERC-721), which provide both utility as rewards and essential access within the Setter network.
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