Shiba Inu has finally seen the beginning of the experimental testing stages of its futuristic Division nft-404 (DN404) token standard. The dog-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 Paw
In a recent post from X (formerly Twitter), 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 that pushed us beyond the limits of decentralization. “We are excited to participate in the experimental testing of our DN404 standard, another bold step into the future,” the announcement post reads.
The DN404 token standard, presented as the next innovative step towards fungible digital tokens, uses the combination of the best features of the ethereum-network/” rel=”nofollow noopener” target=”_blank”>ERC-20 and ERC-721 token standards. The new hybrid token was created to be an alternative solution to the experimental one. ERC-404 token, with the aim of mitigating the drawbacks of ERC-404.
Despite the uncertainty surrounding the hybrid token, the project aims to overcome these challenges and become one of the first ecosystems to test the DN404 token standard. The team has revealed its ambitious plans to fully leverage 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 revealed that the DN404 test is now available in popular non-fungible token (nft) markets such as Opensea, Shibaswap and Uniswap. The experimental token has quickly gained notable success in Open seasecuring the top spot in the nft market shortly after its launch.
Shiba Inu celebrates Sheboshi token listing
The Shiba Inu sheboshi token stands out as one of the few NFTs to adopt the DN404 token standard. Following the conclusion of the recent Sheboshi airdrop, the Shiba Inu Ecosystem marked an important milestone, recording its first major listing on CoinW, a major 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, commencing operations on the same day, while deposits and withdrawals became available on February 24.
Similarly, on February 24, a popular cryptocurrency exchange, Lbank, also list the Sheboshi token, which allows trading for NFTs The same day. These rapid quotes not only emphasize the growing popularity of the Sheboshi token, but also indicate a possible increase in demand for the nft.
SHIB price crosses $0.0000095 | Source: SHIBUSDT on Tradingview.com
Featured image from AMBCrypto, chart from Tradingview.com
