ERC-404: the Next Big Thing in EVM?

Fractionalisation is here, and it's going to bring big things!

Have you heard of ERC-404? It's an innovative new Ethereum token standard blending the features of fungible and non-fungible tokens, enabling shared ownership of a single NFT. Developed by two anon developers who go by ctrl and Acme, ERC-404 paves the way for fractional ownership and enhanced liquidity of digital assets.

This groundbreaking approach democratises access to high-value NFTs, offering a more inclusive investment landscape and allowing investors with smaller portfolios to gain exposure. ERC-404's native fractionalisation capability eliminates the need for third-party platforms, streamlining the process of asset sharing and investment.

As the crypto landscape evolves, ERC-404 is at the forefront of expanding the possibilities for NFT ownership and application.

We here at Collectify are excited about this new standard and are working on building tools to allow you to build with it!

Next week we’ll cover some use-cases for this new standard - stay tuned!