Posted 2/23/2024, 7:41:00 AM
Injective Launches Fractional NFT Ownership Standard Modeled After Ethereum's ERC-404
- Injective introduced a new token standard called CW-404, modeled after Ethereum's popular experimental ERC-404 standard
- CW-404 allows for fractional ownership of NFTs, making them more accessible and enabling financial use cases
- The Sushi Fighter NFT collection is the first to use CW-404 on Injective, with generative profile pictures and custom minting
- CW-404 combines existing CW token standards relating to fungible tokens and NFTs
- Injective aims to bring some of the hype and investment from Ethereum experimental standards to its own blockchain network