Shiba Inu has finally seen the commencement of the experimental testing stages of its futuristic Division NFT- 404 (DN404) token standard. The doggy-themed crypto project has taken an innovative leap into uncharted territory, aiming to expand its reach and solidify its presence in the decentralized ecosystem.
Shiba Inu DN404 Standard Sets Sail
In a recent X (formerly Twitter) post, the Shiba Inu team announced the official launch of its long-awaited DN404 token standard, highlighting the cryptocurrency’s commitment to staying ahead in the decentralized ecosystem.
“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,” the announcement post reads.
The DN404 token standard, unveiled as the next innovative step towards fungible digital tokens, uses the combination of all the best traits of the ERC-20 and ERC-721 token standards. The new hybrid token was created to be an alternative solution to the experimental ERC-404 token, aiming to mitigate the drawbacks of the ERC-404.
Despite the uncertainty surrounding the hybrid token, the project intends to navigate these challenges, becoming one of the first ecosystems to test the DN404 token standard. The team has revealed its ambitious plans to take full advantage of the dynamic capabilities of the DN404 token, utilizing the token’s untapped potential to ensure maximum utility for the Shiba Inu community.
Furthermore, the team disclosed that the DN404 test is now available on popular non-fungible token (NFT) marketplaces such as Opensea, Shibaswap, and Uniswap. The experimental token has swiftly gained remarkable success on OpenSea, securing the top spot on the NFT marketplace shortly after its launch.
Shiba Inu Celebrates Sheboshi Token Listing
The Shiba Inu Sheboshi token stands out as one of the few NFTs adopting the DN404 token standard. Following the conclusion of the recent Sheboshi airdrop, the Shiba Inu ecosystem marked a significant milestone, recording its first major listing on CoinW, a leading cryptocurrency exchange.
According to Shiba Inu’s official X account, the listing came less than 24 hours after the NFTs sold out. The token received an official listing status on February 23, initiating trades the same day, while deposits and withdrawals became available on February 24.
In a similar vein, On February 24, a popular cryptocurrency exchange, Lbank, also listed the Sheboshi token, enabling trading for the NFT the same day. These rapid listings not only emphasize the growing popularity of the Sheboshi token but also signal a potential surge in demand for the NFT.
SHIB price crosses $0.0000095 | Source: SHIBUSDT on Tradingview.com
Featured image from AMBCrypto, chart from Tradingview.com
Source: https://bitcoinist.com/shiba-inu-dn404-token-standard/