➾What is ERC #404
ERC-404 is an experimental Ethereum token standard that combines features of both fungible (ERC-20) and non-fungible (ERC-721) tokens. This standard introduces the concept of allowing a single NFT to be divided into smaller, fungible units. This hybrid approach aims to enhance liquidity and accessibility for NFTs by enabling fractional ownership, making high-value digital assets more affordable and tradable on both NFT marketplaces and traditional exchanges.