Pandora ERC-404 Standard Will Have New Enhancements To Enhance Use Cases

Key Points:

• Pandora updates the standard, opens for public review, and enhances protocol support.
• The Pandora ERC-404 standard, combining features of ERC-20 and ERC-721, was launched by ctrl, Searn, and former Coinbase programmer Acme.

The Pandora ERC-404 project has announced significant improvements to its standard, set to be open-sourced for public review.

Pandora ERC-404 Standard Enhanced and Open-Sourced

These updates aim to bolster support for external protocols, paving the way for diverse applications, including new internal infrastructure. The project will launch a GitHub repository shortly, encouraging developers keen on the new standard to review and contribute. Furthermore, Pandora anticipates full ERC-404 contract support on Etherscan in the coming weeks.

The Pandora ERC-404 standard, a novel token protocol under trial on the Ethereum network, combines aspects of the ERC-20 and ERC-721 standards.

Crafted by cryptocurrency investors known by the aliases ctrl and Searn, along with former Coinbase programmer Acme, the Pandora ERC-404 standard was unveiled on February 2, 2024. Comprising 10,000 NFTs dubbed Replicants, tied to an equal number of Pandora tokens, these distinctive NFTs are visually represented as colored cube boxes.

“404” Project Addresses Token Interaction Ambiguity

The project’s genesis traces back to the collaboration between ctrl and Searn, who initially invested heavily in Emerald, a venture aiming to bridge ERC-20 and NFTs to tackle liquidity challenges. However, following an attack and subsequent abandonment by the original development team, the duo enlisted Acme’s expertise to actualize their vision.

The moniker “404” was chosen by the founders as a nod to the common internet display error, suggesting a potential “issue” in Ethereum protocols and dApps interacting with their project due to a lack of distinction between ERC-20 and ERC-721 tokens.