💫 DN-404 - alternative to ERC-404
Only recently the new ERC-404 standard was launched, when a new one appeared - DN-404. Let's figure it out.

⏺ We recently talked about ERC-404. This is a standard for combining the characteristics of ERC-20 and ERC-721 tokens. It allows you to divide an entire NFT into small parts, just as you can divide, for example, a whole Bitcoin into Satoshi.

⏺ Yesterday a new version of this technology appeared - DN-404. The principle of operation is the same as that of ERC-404, but the project is designed to reduce commissions by 20% by dividing contracts into a “base” ERC-20 and a “mirror” ERC-721. When transferring ERC-20 tokens, mirror NFTs are automatically burned and created. That is, there are two contracts operating here, but on “the same DN-404 rails.”

©️ @CryptoPizza_News 🍕

#DN_404 #ERC_404
💫 DN-404 - alternative to ERC-404 Only recently the new ERC-404 standard was launched, when a new one appeared - DN-404. Let's figure it out.

⏺ We recently talked about ERC-404. This is a standard for combining the characteristics of ERC-20 and ERC-721 tokens. It allows you to divide an entire NFT into small parts, just as you can divide, for example, a whole Bitcoin into Satoshi.

⏺ Yesterday a new version of this technology appeared - DN-404. The principle of operation is the same as that of ERC-404, but the project is designed to reduce commissions by 20% by dividing contracts into a “base” ERC-20 and a “mirror” ERC-721. When transferring ERC-20 tokens, mirror NFTs are automatically burned and created. That is, there are two contracts operating here, but on “the same DN-404 rails.”

©️ @CryptoPizza_News 🍕

#DN_404 #ERC_404