图币结合热点持续，哪些新协议能够接棒ERC-404？
Original - Odaily
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The popularity of Pandora has made the combination of graphics and currency become a new narrative for encryption. Some new projects have also taken advantage of Dongfeng to adopt the ERC-404 protocol standard to create NFTs, and have received support from leading crypto exchanges or institutions such as OKX.
Although the author has always believed that the combination of graphics and currency itself does little to help the liquidity of NFT. From a certain perspective, it is just a novel gameplay of tokens and cannot solve the problem of insufficient liquidity of NFT. However, the transaction amount of Pandoras single NFT has recently continued to reach new highs - Pandora #54222 NFT was traded at a price of 533 WETH, setting a record so far. In the past, NFT projects were able to sell for this price, mostly blue-chip projects such as BAYC and CryptoPunks. Pandora, which was founded less than a month ago, has set such a record, which to a certain extent represents that the combination of graphics and currency may be one of the driving forces for the NFT sector to become brilliant again.
However, ERC-404, as a representative protocol for combining graphics and currency, still faces the problem of excessive gas fees. If NFT excludes its artistic attributes, it mainly serves social networking and games. If the GAS fees for casting and trading are too high, it will not be conducive to subsequent development.
In addition, the author is looking forward to the application of the graphics and currency combination protocol in GameFi. Taking the blockchain game Bigtime as an example, assuming that the NFTs that players explode in dungeons can use a graphics-coin combination protocol to convert the NFTs into tokens for sale, the games economic ecology will be more prosperous. Anyone who has played traditional online games knows that most of the equipment that is revealed is useless. Equipment that is not scarce cannot be sold and can only be decomposed. If the equipment is converted into tokens for sale with the help of the ERC-404 protocol, it can Improve the enthusiasm of players, and project parties can also use this to generate income.
As mentioned above, the ERC-404 protocol is still in its early stages and has shortcomings. However, ERC-404 is not the only protocol that can represent the narrative of combining graphics and currency. Some rising stars may make improvements or develop new standards. Odaily has compiled related projects .
Dn-404
Dn-404 is a combination of ERC-20 and mirror ERC-721 protocols, which can add liquidity on UniSwap because it complies with the ERC-20 standard. Dn-404 optimizes the merged interface of ERC-20 and ERC-721 so that transfers on one side can affect the other side. Simply put, when a user owns an NFT of Dn-404, the tokens in the wallet are displayed as a certain number. Tokens, NFTs displayed on the NFT interface, when one party changes, the other party also makes corresponding changes.
Currently, many projects use Dn-404 to develop new projects, such as smxle and 404 shape. Odaily reminds that the Dn-404 protocol is in its early stages and has not yet undergone security review. There may be certain risks. Please participate with caution.
ERC-1111
ERC-1111 is a new token standard developed by the PFPASia team, also known as the REDT protocol. The ERC-1111 protocol uses controllable state changes to make the conversion process between tokens and NFTs dominated by users, avoiding the Gas consumption of purchasing 1 token and minting NFT in ERC-404. Reducing Gas helps to increase tokens. number of transactions.
At the same time, the ERC-1111 protocol can reduce the corresponding quantity ratio of NFT and tokens, so that it can produce a fragmentation effect and improve liquidity to a certain extent.
Currently, the PFPAsia team is the first to adopt the ERC-1111 standard and has developed 10,000 NFTs. At the same time, the ratio of NFTs to tokens is 1:10000, and is launched in two phases:
REDTO (NFT status): 50% will be minted in the first to second quarter of 2024. ·
REDT 1 (token status): 50% minted on February 10, 2024.
ERC-1111 is an advanced version of ERC-404 to a certain extent. After the conversion of tokens and NFTs is controllable, the application scenarios will also expand. As mentioned at the beginning of this article, the trading channels for NFTs in GameFi will be richer.
ERC-X
ERC-X can use multiple standards (ERC-20, ERC-404, ERC-721, ERC-721 A, ERC-721 Psi, ERC-1155 and ERC-1155 Delta) in one standard. The protocol mainly combines ERC -1155 Delta protocol, ERC-1155 Delta is an extension of the ERC-1155 standard. When ERC-1155 mode is enabled, ERC-X also generates ERC-721 tokens, enabling compatibility with markets that support either standard.
The official introduction mainly shows that its gas cost is lower than ERC-404 and Dn-404, as shown in the figure below.
However, it is controversial whether reducing gas fees will determine whether the protocol will become a mainstream protocol in the combination of graphics and currency. Judging from the current ERC-404 representative project Pandora, the projects launch and wealth effects may become the measurement criteria.
The representative project is MINER, and ERC-X is also the standard developed by this project. However, when MINER was first released, a double-spending problem occurred, and the token price dropped by nearly 40%. This has now been fixed.
ERC-404+
ERC-404+ was developed by the Forge project, mainly to improve the NFT ID overload problem of ERC-404. Since ERC-404 keeps changing the number of NFTs due to the constant transactions of its tokens, the constant NFT ID faces overload problems.
ERC-404+ introduces a new mechanism to solve this problem, adding the _burnedTokenIds array to track all IDs of burned (or destroyed) NFTs. Once the total supply limit is reached through minting, the contract design will recycle the IDs of new NFTs from the _burnedTokenIds array, ensuring that no new IDs exceed the total supply limit. This approach not only keeps the ID sequence within the expected range, but also effectively keeps the NFT ID within a certain range by using the ID for new releases.
However, this move seems to be able to control the rarity of NFT through monitoring. The scheme of determining the rarity of each NFT ID seems to be less random. At the same time, ERC-404 may upgrade the corresponding standards to meet this condition, then the protocol Subsequent development may be hindered.
The current representative project of ERC-404+ is FORGE.
In addition, there are many similar protocols, all of which were born by improving the related issues of ERC-404. At present, basically every project integrating graphics and currency will produce new protocol standards, but these ERC standards have not gone through the formal Ethereum Improvement Proposal (EIP) process and are not officially recognized ERC standards. Odaily reminds everyone again to pay attention to risks and invest prudently.
