This article will show you our potential

Overview

Currently, the NFT market is experiencing rapid growth and attracting significant attention from the blockchain community and mainstream users. Here are some highlights of the current NFT market:

1. Value Growth and Application Scope: The value of NFTs is skyrocketing, with many digital artworks selling for millions of dollars. Not limited to the art sector, NFTs are also being applied in various fields such as sports, entertainment, and even virtual assets in games.

2. Product Diversity and Creativity: The NFT market is becoming more diverse with creative contributions from the community, not only in creating art pieces but also in developing applications and games based on blockchain technology.

3. Interest from Major Enterprises: Major enterprises are beginning to recognize the potential of NFT technology and exploring how to incorporate it into their business strategies. This interest could lead to a new wave of NFT adoption and utilization.

4. Challenges in Standardization and Security: Despite positive developments, the NFT market still faces challenges related to standardization, security, and trust. Continued development of standards and technologies is needed to address these issues.

In summary, the NFT market is undergoing rapid development and attracting broad interest from both the community and businesses. Product diversity, application scope, and value growth are the key highlights of the current NFT market landscape.

However, since 2022, the NFT market has begun to enter a downtrend and face liquidity shortages. This decline may partly be characterized by delays in developing liquidity infrastructure for NFTs, as well as the prevalence of NFT projects lacking real value. This has led to a loss of confidence from investors and users, making NFT trading more challenging. To recover and continue growing, the NFT market needs new initiatives and significant improvements in liquidity to regain interest and trust from the blockchain community and ERC404 emerged.

What is ERC 404?

ERC-404 combines features of two standards, ERC-20 and ERC-721 (NFT). Typically, ERC-20 tokens do not interact with ERC-721 due to their non-fungible nature. Therefore, ERC-404 aims to tokenize NFT fragments while retaining the original ERC-721 characteristics, creating a financial model within the NFT market.

However, the ERC-404 token standard is currently experimental and has not been audited.While ERC-404 is making waves in the crypto market, it has not been proposed and developed through Ethereum Improvement Proposals (EIPs) and Ethereum Request for Comments (ERCs). Consequently, many consider ERC-404 as an unofficial experimental standard within the ERC network.The process of proposing ERC-404 through EIPs and ERCs is quite complex due to legal implications. However, ERC-404 is expected to be officially launched soon.

How ERC-404 works?

Example: ERC404 is a project with a total token supply of 21,000,000 RAB (ERC404), along with a total NFT supply of 21,000,000 NFT RAB (ERC404). When users buy 1 RAB token on Uniswap, they immediately receive 1 NFT RAB. This means users will have 1 NFT and 1 RAB token.If a user sells 1 RAB token, 1 NFT RAB in their wallet will disappear.

Conversely, if a user buys 1 NFT RAB on secondary market, they will also receive 1 corresponding RAB token. Due to the unique nature of NFTs, users must have the corresponding number of tokens to receive NFTs.

For example, in the RAB project, users need to have 1 RAB token to correspond to 1 NFT RAB. Additionally, the rarity and characteristics of the NFTs users receive will be random.From this, users can see that ERC-404 addresses some issues for NFTs, including barriers to excessively high values and poor liquidity in the NFT market.

What is Bera x Rabbit 404

Bera x Rabbit 404 is a project incubator by Bera Inscription. We are committed to allocating a portion of our tokenomics for sharing with the Rabbit, Bera community and partner. Please note that we are only a test version, and this is not investment advice.

With the ERC-404 market activated with a significant market capitalization of $230 million, and simultaneously driving the growth of the NFT market, this standard is attracting considerable attention from the blockchain community. With the ability to improve liquidity and create a flexible trading environment, ERC-404 is becoming an important tool in creating and managing non-fungible digital assets, opening up new opportunities for investors.

Once again, I would like to reiterate, ERC404 addresses a significant issue in the NFT market that will trigger NFT waves, and Rabbit believes that ERC404 will surpass the market cap of previous BRC20 trends. Once again, the market may generate numerous crypto millionaires as the money flows in.

The market capitalization of ERC404 is currently $230 million, while the market capitalization of BRC is $2.5 billion. In the future, if the market capitalization of ERC404 reaches $5 billion, then...