Injective Protocol and DojoSwap Unite to Launch CW-404: A New | Crypto Land

Injective Protocol and DojoSwap Unite to Launch CW-404: A New Era for DeFi Tokens!

The Birth of a Standard
In an exciting move on February 23, Injective Protocol and DojoSwap joined forces to introduce the CW-404 standard, a revolutionary token framework inspired by the renowned ERC-404. This partnership aims to ignite innovation and enhance compatibility in the ever-evolving world of decentralized finance (DeFi).

Introducing Semi-Fungible Tokens
Taking to X (formerly Twitter), Injective Protocol shared the news, highlighting that CW-404 brings forth a portable rendition of the experimental ERC-404, granting users access to a whole new breed of tokens – the semi-fungible kind.

A Fusion of Fungibility and Rarity
Much like its muse, CW-404 merges two powerful token types: CW-20 (think divisible fungible assets) and CW-721 (imagine unique, one-of-a-kind non-fungible tokens). This amalgamation opens up a world of possibilities within DeFi.

Web3's Powerhouse Token Standard
With CW-404, digital enthusiasts can now own fractional portions of NFTs, unlocking liquidity in their prized collectibles while trading them as regular fungible assets. It's like having the best of both worlds in one seamless ecosystem!

A Catalyst for DApp Innovation
Injective Protocol is confident that this groundbreaking token standard will pave the way for an army of novel decentralized applications (dApps) that were previously unimaginable. The future of DeFi just got a whole lot more exciting!