Shiba Inu is one of the first projects to work with the DN404 standard, a new kind of token that combines the best features of fungible and non-fungible tokens (NFTs).
Shiba Inu talked about how it started and the philosophy that led it to try new things. “Years ago, ShibToken marked the beginning of an adventure, pushing us beyond the boundaries of decentralization,” the project wrote.
Shiba Inu has taken a new direction by participating in the DN404 “experiment”. The official Sheboshis X account recently revealed that Shiba Inu’s first DN404 test had begun. They shared official Sheboshis links on ShibaSwap, Uniswap, and OpenSea.
Shiba Inu’s Journey into Token Innovation
“Divisible NFT-404,” which is what DN404 stands for, is a token implementation that uses models from ERC-20 and ERC-721, claiming “full compliance” with both standards. Kaal Dhairya, a worker at SHIB, wrote a blog post about his hopes and dreams for the company as it explores new areas.
Years ago, #ShibToken marked the beginning of an adventure, pushing us beyond the boundaries of decentralization. We’re excited to step into the experimental test of our DN404 standard, another bold step towards the future. 🌐
CA👇
0x5dE869E3E62B0FB2c15573246BA3Bb3Fd97a2275— Shib (@Shibtoken) February 24, 2024
When Sheboshis, based on the DN404 standard, first came out on February 20, it sold out quickly. However, that never indicates long-term success, viability, or utility.
People who value SHIB are very enthusiastic about the news of Sheboshi’s appearance. Also, the SHEB coin has been added to CoinW and LBank’s cryptocurrency exchanges, which can help improve liquidity. Major exchanges prefer to hold off on making any moves to see if there is any merit beyond the initial hype.
