DINO404 - Backed by Linea to Revolutionize NFTs and GameFi on Linea L2 Ecosystem
ERC404 isn’t dead and they will replace all NFT standards
This essentially fractionalizes NFTs while unlocking INSANE liquidity.
The first mover sold out in 12mins, 20x secondary market price and backed by @LineaBuild themselves 🧵👇
ERC404 started with @Pandora_ERC404 launching the first ERC-404 token, blending fungible and non-fungible elements to innovate within the NFT space, enabling fractional ownership
Market cap: $38M
Why is ERC-404 a Game Changer?
In the DeFi space, integrating with ERC-404 can greatly enhance liquidity pools, DEXs, and AMMs by introducing fractionalization of unique assets. This fractionalization enables higher capital efficiency and broader accessibility to assets that were previously illiquid.
For the broader NFT market, it fosters a more mature and reliable ecosystem for blue-chip assets.
And for NFT holders, you are in for some airdrops
https://x.com/Linea_erc404/status/1796555931532341370
What is ERC404?
For those of you who still don’t know, ERC404 is a token standard that merges ERC20 and ERC721 into one to enhance digital asset accessibility.
It does this by introducing fractionalization of unique assets.
The fractionalization enhances capital efficiency and broadens access to previously illiquid assets.
ERC-404 also improves liquidity, tracks ownership for trust, expands audience reach, and simplifies conversions.
What exactly is DINO404?
DINO 404 (@Linear_erc404) is a pioneering blockchain game on the Linea ecosystem, integrating ERC-404 technology to ensure the uniqueness of each virtual asset.
It offers an innovative earning mechanism addressing liquidity challenges and inflation.
And they will be revealing their new collection called: " The beauty of Evolution"
Why DINO is taking the lead in ERC-404 innovation:
• Expertise in addressing blue-chip needs and managing high-value asset complexities.
• Emphasis on robust security for collectibles.
• Cultivation of a community valuing ERC-404, with a focus on inclusive governance and exclusive benefits.
The project is also backed by @LineaBuild and @Consensys, which has given it a solid foundation.
https://x.com/LineaBuild/status/1776264902874677410
DINO boasts a Marketplace exclusively for NFT Bluechip collections, leveraging ERC-404 technology that features:
Fragmentation: Offers Bluechip NFT fragments at optimal prices via DINO Market, with plans for expansion.
Auto-Conversion: Automatically converts collected fragmented NFTs into NFT Bluechips in the wallet.
Cross-Collection Sweep: Allows acquiring fragmented NFTs from any Bluechip NFT collection, streamlining trading.
Their debut collection made waves, hitting impressive milestones.
With over 5555 NFTs minted in just 12 minutes, it soared to an all-time high, reaching 20x the initial mint price.
In under 3 months since launch, their community has surged to over 7,000 members across all social platforms.
Moreover, DINO also achieved 100% organic growth on social media in just 2 months, without spending a dime on marketing.
DINO is forging alliances with premier projects to enhance its influence and redefine the NFT gaming landscape.
Their latest collaboration with @PlenaFinance, the pioneering crypto super app utilizing Account Abstraction, marks a significant milestone in their journey
https://x.com/Linea_erc404/status/1796446537326969245
That’s not all.
They’ve also previously partnered up with notable entities such as @memeficlub, @efrogs_on_linea, and @LynexFi.
The $DINO token set to be launched soon will have a variety of use cases which includes, staking, fees for in-game activities and Game Rewards.
Here’s what the tokenomics look like -
In the near future, DINO plans to expand its marketplace dedicated to NFT Bluechip collections, enhancing its features and extending its reach to other ecosystems.
The platform will introduce a staking mechanism, offering users valuable rewards and qualifying them for participation in upcoming game testnet phases.
DINO is also gearing up to launch exciting minigames to boost user engagement and provide early access rewards, with a strong emphasis on delivering a top-notch gaming experience
Their live gameplay video will be released very soon.
Dive into the next frontier of GameFi with @Linea_erc404.
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