Chainwire, Seoul, South Korea, April 8, 2024
color protocol We are launching an ERC-404 conversion platform for Memecoin, allowing Meme artists and communities to create Meme NFT collections in ERC-404, and holders can convert Memecoin to NFTs.
A new paradigm for meme-based creative publishing
Memecoin is the eternal rhythm of the cryptocurrency market, known for its explosive expansion, unique community culture, and vast market potential. And while many graffiti artists have created fantastic works centered around Memcoin, these genius works have never had a chance to share in Memcoin’s surge in value. However, memecoin, which now has a well-established community consensus, is not without its flaws. Consensus varies greatly across different memecoin communities, and the distinction between memecoin and other tokens is not sharp enough.
Color Protocol starts with a conversion platform that aims to build a new paradigm for Meme-based art asset issuance, enabling anyone to convert Memecoin from the ERC-20 standard to ERC-404, a hybrid standard that seamlessly integrates the token and its properties. do. NFTs.
Meme creations by artists created by Color Protocol are no longer isolated, illiquid assets, but can share in the rising value of Memecoin. Meme communities can increase playability and spread more widely, strengthening community consensus. Holders can own assets with liquidity as well as a unique meme culture.
Walter, co-founder of Color Protocol, says: “Memecoin’s market capitalization has surged more than 200% this year, reaching $70 billion. The consensus value of Meme Creation has not yet been fully realized. Color Protocol plans to bring together artists, communities, and holders to use ERC-404. “Get more than 1% of your Memes.”
Color Protocol Information
Color Protocol is an international team of experienced developers in the Ethereum ecosystem. The team has been working on it since February and plans to release the Flux-404 NFT deflation contract standard, ERC404 launch tool, and cross-chain functionality next month.
Color Protocol is a new paradigm for meme creation and publishing, bringing greater consensus and value to meme artists, communities, and users around the world. Color Protocol is dedicated to making memecoins more colorful, more playable, and better by leveraging ERC-404 protocol innovations.
For more information, please visit Color Protocol: Official Website | Twitter
Contact us Color Protocolbd@colorprotocol.com
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