New Version Of Pandora ERC-404 To Be Released Soon

Key Points:

• Pandora announces upgraded Pandora ERC-404, inviting developer input.
• ERC-404 combines ERC-20 tokens and NFTs, yet questions remain about its liquidity and security.
• PeckShield’s code inspection found no major vulnerabilities in Pandora, while Etherscan’s attention to metadata suggests forthcoming full support for Pandora ERC-404 contracts

Pandora is gearing up for the official release of its latest version of the Pandora ERC-404. The “V2” iteration has already been made available to developers via GitHub, pending a final audit by Trail of Bits.

Pandora Unveils Enhanced Pandora ERC-404 Standard

The project boasts significant enhancements to the Pandora ERC-404 standard, which will soon be open-sourced for public review. These improvements aim to bolster support for external protocols and unlock new use cases, aligning with Pandora’s internal infrastructure developments. Interested developers are encouraged to review and contribute to the project’s GitHub repository.

ERC-404, an experimental token standard, merges ERC-20 tokens with NFTs in an effort to redefine asset trading. While innovative, it falls short of addressing liquidity concerns in the NFT market, with questions lingering over its long-term security implications.

Security Assurance and Platform Integration Updates for Pandora

Pandora plans to issue 10,000 ERC-20 tokens paired with 10,000 NFT copies. Upon purchasing one PANDORA token on an exchange, a corresponding NFT replica will be minted in the user’s wallet, while selling the token results in the associated NFT being burned.

Previous reports indicate that PeckShield completed an initial code inspection, revealing no significant vulnerabilities. Any identified issues were swiftly addressed. Furthermore, Pandora anticipates full support from Etherscan for Pandora ERC-404 contracts, with the platform beginning to focus on metadata integration.