NFTs launched by Hong Kong celebrity Stephen Chow recorded $23 million in trading volume, while a whisky distributor is using NFTs to sell a rare collection.
In this week’s newsletter, read about how another hybrid token standard aims to rival ERC-404 and how Hong Kong celebrity Stephen Chow’s nonfungible token (NFT) collection recorded $23 million in trading volume. Find out why athletes need to understand the workings of the NFT space before jumping in, and check out the liquor distributor selling a 50-year-old whisky collection using NFTs and artificial intelligence (AI). In other news, learn how Ordinals could boost Bitcoin miners after the halving.
A week after the launch of ERC-404, an unofficial token standard blending fungible and nonfungible tokens, a developer team claims to have done it better with a “Divisible NFT” standard. Like its rival, the token standard also aims to be a hybrid between ERC-20 and ERC-721.
The proposed standard includes fractionalization, allowing holders to trade fractionalized portions of their NFTs. Pseudonymous developer “Cygaar” claimed that despite ERC-404’s popularity, it’s “inefficient and breaks at certain edge cases.”
