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What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week

ERC-404 allows multiple wallets to directly own a single NFT and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.

Treasure chest (Ashin K Suresh/Unsplash, modified by CoinDesk)
Treasure chest (Ashin K Suresh/Unsplash, modified by CoinDesk)