These days, Non-fungible tokens (NFTs) have surged in popularity, yet liquidity remains a challenge.
To overcome this challenge, a new standard, ERC-404, has been curated which merges ERC-20's fungibility with ERC-721's uniqueness.
Current token standards like ERC-20 and ERC-721 create a division between fungible assets and unique collectibles, thereby hindering shared ownership and fluid exchange of digital items.
To address this issue, the Pandora project has introduced ERC-404 tokens, combining interchangeable ERC-20 tokens with unique ERC-721 NFTs.
This experiment showcases the potential of semi-fungibility in the NFT space