- Injective has released the CW-404 standard through DojoSwap.
- CW-404 enables fractional NFT ownership, starting with the Sushi Fighter NFT collection.
- Injective pioneers a new blockchain standard with the goal of attracting investment from Ethereum.
Injective, a layer 1 blockchain, has unveiled its latest move in the world of digital assets with the introduction of the CW-404 standard.
Developed in collaboration with decentralized exchange DojoSwap, this development aims to revolutionize the landscape of non-fungible tokens (NFTs) and token standards.
CW-404 Standard: Fractional Ownership of NFTs
Injective’s CW-404 standard mirrors the well-known ERC-404 standard, a groundbreaking approach to NFTs on the Ethereum blockchain. CW-404 combines elements of the CW-20 and CW-721 standards, paving the way for fractional ownership of NFTs. These innovations make NFTs more accessible to a wider range of users and open up numerous financial possibilities within the digital asset space.
The Sushi Fighter NFT collection emerges as a pioneer in leveraging the CW-404 standard on the Injective network. This collection features generative profile photos and custom issuance logic, providing users with a unique and engaging experience in the NFT world. The Sushi Fighter NFT collection with the CW-404 standard opens new avenues for creativity and exploration in the NFT market.
Injective’s bid to attract Ethereum investment
The introduction of the CW-404 standard is consistent with Injective’s strategic vision to attract investments in Ethereum’s thriving ecosystem. ERC-404 tokens have garnered significant attention and investment on Ethereum, but Injective aims to capitalize on this momentum by offering a similar standard on its own network. Injective’s partnership with DojoSwap expands its reach and provides users with a seamless experience 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. CW-404 positions Injective as a leader in the evolving digital asset landscape, with the potential to unlock new possibilities for decentralized applications (dApps) and financial innovation.
Future outlook for injectable drugs and CW-404
As Injective continues to develop and improve its products, the adoption of the CW-404 standard marks an important milestone on its journey toward mainstream adoption. With the Sushi Fighter NFT collection demonstrating the capabilities of the CW-404, Injective sets the stage for future collaborations and developments within the ecosystem.
Going forward, 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 wider blockchain community, Injective is poised to make waves in the digital asset space with its cutting-edge solutions and forward-thinking approach.