Ethereum

Injective

DojoSwap

<p>Injective, a Layer 1 <a href="https://www.cryptopolitan.com/bitcoin-cats-1cat-chain-meme-bitcoinslayer-2/" rel="noopener noreferrer nofollow">blockchain</a> built on Cosmos, has unveiled the CW-404 standard, a groundbreaking development to revolutionize tokenization within its network. This move, announced on Friday, marks a significant milestone for Injective as it collaborates with decentralized exchange DojoSwap to implement the CW-404 standard.</p>
<h2 class="wp-block-heading" id="revolutionizing-tokenization-with-cw-404">Revolutionizing tokenization with CW-404</h2>
<p>The CW-404 standard, akin to<a href="https://www.cryptopolitan.com/ethereums-buterin-assumptions-l1-l2-dynamics/" rel="noopener noreferrer nofollow"> Ethereum’s</a> ERC-404, amalgamates the functionalities of CW-20 and CW-721 standards, catering to both token issuance and Non-Fungible Tokens (NFTs). Unlike its Ethereum counterpart, ERC-404, which has garnered attention for its experimental nature, CW-404 positions itself as a robust protocol within the Injective ecosystem, offering enhanced capabilities for token holders.</p>
<p>With Ethereum’s ERC-404 gaining traction and accumulating significant value in just over two weeks since its inception, Injective aims to tap into this burgeoning market by introducing CW-404.&nbsp;</p>
<p>This strategic move aligns with Injective’s vision for fostering innovation and underscores its commitment to providing a platform for diverse, decentralized applications (dApps) and token-based innovations.</p>
<h2 class="wp-block-heading" id="empowering-the-sushi-fighter-nft-collection">Empowering the Sushi Fighter NFT collection</h2>
<p>One of the pioneering projects to leverage the CW-404 standard on Injective is the Sushi Fighter NFT collection. This collection introduces a novel concept featuring generative profile pictures and custom minting logic, setting a precedent for future endeavors within the Injective ecosystem.&nbsp;</p>
<p>By embracing CW-404, the Sushi Fighter NFT collection underscores the versatility and potential of this innovative standard.</p>
<h2 class="wp-block-heading" id="expanding-possibilities-with-cw-404">Expanding possibilities with CW-404</h2>
<p>CW-404 opens up many opportunities for developers and users within the Injective ecosystem. By combining the functionalities of token issuance and NFTs, CW-404 facilitates seamless interaction and interoperability, enabling the creation of diverse use cases ranging from decentralized finance (DeFi) to digital art and gaming.&nbsp;</p>
<p>Moreover, CW-404’s compatibility with existing token standards enhances its accessibility and adoption among developers, further fueling innovation within the ecosystem.</p>

Injective introduces CW-404 standard, pioneering token innovation

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