New NFTs join the ERC-404 movement
Several other projects leveraging the ERC-404 token standard are now striving to emulate Pandora's rapid success, including DeFrogs ($DEFROGS), Rug ($RUG), Monarch ($MNRCH), and Froggy Friends ($TADPOLE).
DeFrogs shines with a current rate of $723.05 per token and a cumulative market capitalization of $7,689,095. In the search, Rug is priced at $265.62, with an aggregate market value of $2,648,135.
Next, Monarch is priced at $102.11, valuing the company at $935,948. Froggy Friends, on the other hand, is being purchased for a reasonable price of $54.29 each, and its 32.7% increase in value suggests positive prospects.
Source: CoinGeckoNavigating through rivalry and challenges
The emergence of ERC-404 tokens has ushered in a mix of triumphs and obstacles. While it was widely adopted in a short time, regardless of price fluctuations, a comparable concept known as 'Divisible nft' (DN404) offers an alternative approach.
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