The Shiba Inu (SHIB) team has decided to test the waters with the launch of its latest NFT (non-fungible token) collection. This NFT collection, known as the ‘SHEboshis’, is different from the norm as it incorporates the ERC-404 token standard.
Shiba Inu Exploring New Horizons With ERC-404
Shiba Inu developer Kaal Dhairya mentioned in a blog post how the team was choosing to venture into the “unchartered territories of the ERC-404 standard” with the Sheboshi launch. This adventure is no doubt an exciting one for the team, as the developer noted that they were filled with anticipation for the ERC-404’s “untapped potential.”
This new Ethereum token standard is currently one of the leading narratives in the Ethereum ecosystem and the crypto market in general. ERC-404 is a combination of the ERC-721 (for NFTs) and ERC-20 (for fungible tokens) token standards, a move which makes NFTs more liquid and further promotes fractionalization.
The Shiba Inu team had me
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