ERC-404, which mixes Ethereum’s ERC-20 token and ERC-721 NFT standards, is gearing up for a bid to be the blockchain’s newest standard.
An unofficial and experimental Ethereum standard dubbed “ERC-404” — proposed to become a hybrid of fungible and nonfungible tokens (NFTs) — is “working around the clock” to submit an Ethereum Improvement Proposal (EIP), according to one of its inventors.
Created by pseudonymous developers known as “ctrl” and “Acme” under a project called Pandora, the standard mixes the tech behind ERC-20 fungible tokens with ERC-721, which is used for one-of-one tokens — such as the NFTs in the Bored Ape Yacht Club (BAYC) collection.
However, despite the moniker, ERC-404 hasn’t been audited, and the “ERC” is in name only.