My teammate is particularly interested in ERC-404, a protocol enthusiast who loves exploring new protocols and analyzing their interoperability and capital efficiency. We met at ShanhaiWoo, a pop-up city inspired by Zuzalu. I often discuss new protocols and market trends with him. He was one of the first to notice ERC-404 earlier this year and has continued to research related new derivatives. However, ERC-404 is not yet officially recognized by Ethereum, although many NFT enthusiasts are excited about it. Current practices include integrating ERC-404 into gaming and other virtual worlds.

ERC-404 could potentially integrate the advantages of both FT and NFT, breaking down barriers between them and enhancing ecosystem liquidity.