Category: News, NFT News

Experimental ERC-404 Token Rockets To $170M Market Cap

The new Ethereum token standard blends features of ERC-20 tokens and ERC-721 NFTs.

An experimental token standard, ERC-404, which combines the features of NFTs and fungible tokens, is gaining momentum in the Ethereum ecosystem.

The first ERC-404 token to use this standard, Pandora, has spiked in value, currently trading for $16,600, a 5,000% increase since launching on Feb 2. According to DEXscreener, Pandora has a $166M market capitalization.

PANDORA Price

On Blur, the NFT marketplace, Pandora tokens have a floor price of 7.45 ETH ($17,508), with more than 1,300 holders.