Pandora’s ERC-404 Standard Grabs Crypto World’s Attention + More NFT News
The non-fungible token (NFT) market has seen a significant recovery over the past day.
The sales volume is up 31% to $42,969,376.
Meanwhile, buyers are down less than 1%, sellers 15% and transactions 8%.
All top 10 collections by sales volume have seen an increase in the last 24 hours, per CryptoSlam.
Pandora kept the first spot, with a volume of $14,706,818.
The best performer among the ten is PXNKAP3, with 851% to $661,791. CryptoPunks follow it with a rise of 268% to $1,151,943.
When it comes to blockchains, Solana has kept falling over the past day. It currently sits at the 10th spot per daily sales volume at just $280,062. This is down from the 2nd spot and over $7 million in a matter of days. It follows a five-hour blockchain outage on February 6.
In today’s NFT news: the crypto world is abuzz with news of an experimental ‘token+NFT’ standard, the Quantum Cats collation sells out, and X2Y2 Pro platform joins the game-optimized Oasys.
The Pandora project went live on February 2. It launched a new, experimental token standard named ERC-404.
The new standard combines the popular ERC-20 (token standard) and ERC-720 (NFT standard). It is open-sourced for creators and developers.
Per GitHub, ERC-404 is an experimental, mixed ERC20 / ERC721 implementation with native liquidity and fractionalization. “While these two standards are not designed to be mixed, this implementation strives to do so in as robust a manner as possible while minimizing tradeoffs,” the team said.
As a collection, Pandora comprises 10,000 so-called Replicants enabled by ERC-404. Replicants are generative avatars. Each is attached to a PANDORA token.
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When a Pandora ERC404 is sold or transferred, it’s corresponding replicant is destroyed and a new one is
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