(PRESS RELEASE – Seoul, South Korea, April 8, 2024)
twitter.com/Color_ERC404″ target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>Color protocol launches an ERC-404 conversion platform for Memecoin, Meme artists and communities can create their Meme nft collections on ERC-404, and holders can convert their Memecoin to nft.
New paradigm for the broadcast of creation based on memes
Memecoin is the eternal beat of the cryptocurrency market, known for its explosive expansion, unique community culture, and vast market potential. And many graffiti artists created fantastic works around memecoins, but these great works never had the opportunity to share a part of the increase in value of memecoins. However, memecoins, with their community consensus now firmly established, are not without flaws: consensus varies significantly between different memecoin communities, and the distinction between memecoins and other tokens is not pronounced enough.
Color Protocol starts with a conversion platform, which aims to build a new paradigm for the issuance of Meme-based artistic assets, allowing anyone to convert Memecoin from the ERC-20 standard to ERC-404, a hybrid standard that seamlessly integrates the properties of both token and token. nfts.
Created by Color Protocol, the works of artists on Meme are no longer isolated, illiquid assets, but can now share in the increase in value of Memecoin. Meme communities could increase playability and allow for broader dissemination to improve community consensus. As for the holders, they could own assets with a unique Meme culture and also with liquidity.
Walter, co-founder of Color protocol, states: “Memecoin's market capitalization has skyrocketed by more than 200% to $70 billion this year. The value of consensus in meme creation has not yet been fully understood. Color Protocol intends to bring together artists, communities and holders through ERC-404 to get 1% or even more value from Memes.”
About the color protocol
Color protocol is an international team made up of experienced developers in the ethereum ecosystem. The team has been working since February and plans to release the Flux-404 nft deflationary contract standard, ERC404 release tool, and cross-chain functionality in the next month.
Color Protocol is a new paradigm for Meme creation broadcasting, empowering Meme artists, communities and users around the world with greater consensus and value. Color Protocol is dedicated to leveraging the innovation of the ERC-404 protocol to make memecoins more colorful, more playable, and even better.
For more information, users can visit Color Protocol: Official website | twitter.com/Color_ERC404″ target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>twitter
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