Outside Source
- Injective unveils CW-404 standard with DojoSwap.
- CW-404 enables fractional NFT ownership, starting with the Sushi Fighter NFT collection.
- Aiming to attract Ethereum’s investment, Injective pioneers new blockchain standards.
Injective, a Layer 1 blockchain, has unveiled its latest move in the world of digital assets with the introduction of the CW-404 standard.
This development, in collaboration with decentralized exchange DojoSwap, aims to revolutionize the landscape of non-fungible tokens (NFTs) and token standards.
CW-404 standard: fractional ownership to NFTs
Injective’s CW-404 standard mirrors the highly acclaimed ERC-404 standard, known for its groundbreaking approach to NFTs on the Ethereum blockchain. CW-404 combines elements from the CW-20 and CW-721 standards, paving the way for fractional ownership of NFTs. This innovation makes NFTs more accessible to a wider range of users and unlocks a plethora of financial possibilities within the digital asset space.
The Sushi Fighter NFT collection emerges as the pioneer in utilizing the CW-404 standard on the Injective network. This collection showcases generative profile pictures and custom minting logic, offering users a unique and engaging experience in the world of NFTs. With the CW-404 standard, the Sushi Fighter NFT collection opens up new avenues for creativity and exploration in the NFT marketplace.
Injective’s bid to attract Ethereum’s investment
The introduction of the CW-404 standard aligns with Injective’s strategic vision to attract investment from Ethereum’s thriving ecosystem. While ERC-404 tokens have garnered significant attention and investment in Ethereum, Injective aims to capitalize on this momentum by offering a comparable standard on its own network. By partnering with DojoSwap, Injective expands its reach and offers users a seamless experience in tokenizing and trading assets within the CW-404 framework.
Injective’s decision to adopt the CW-404 standard reflects its commitment to innovation and user-centric solutions in the blockchain space. With the potential to unlock new possibilities for decentralized applications (dApps) and financial innovations, CW-404 positions Injective as a frontrunner in the evolving landscape of digital assets.
Future prospects for Injective and CW-404
As Injective continues to develop and refine its offerings, the adoption of the CW-404 standard marks a significant milestone in its journey towards mainstream adoption. With the Sushi Fighter NFT collection serving as a testament to the capabilities of CW-404, Injective sets the stage for future collaborations and developments within its ecosystem.
Looking ahead, Injective aims to leverage the CW-404 standard to drive growth, foster innovation, and attract a diverse range of users and developers to its platform. With the support of partners like DojoSwap and the broader blockchain community, Injective remains poised to make waves in the digital asset space with its cutting-edge solutions and forward-thinking approach.
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