Coop on Farcaster

Content pfp

https://warpcast.com/~/channel/coop

0 reply

0 recast

0 reaction

Coop pfp

@coopahtroopa.eth

What do people think about 404s? TLDR - hold a certain amount of fungible tokens to unlock an NFT. Sell below the threshold and the NFT is burned. Do we like 404s or what's our general sentiment on them? Rain 5000 $DEGEN

19 replies

9 recasts

35 reactions

mike rainbow (rainbow mike) ↑ pfp

mike rainbow (rainbow mike) ↑

@mikedemarais.eth

we like dn404s specifically the dn404 spec makes 404s much more compatible with existing protocols / infra https://github.com/Vectorized/dn404

2 replies

0 recast

7 reactions

Rani Haddad pfp

not a fan. i do not see where they can useful. their fungible properties are not better than erc20s. their non fungible properties are not better than erc721s.

0 reply

0 recast

0 reaction

gino.eth 🔵 pfp

i still think 404s have legs but we need the space to get like 30% more serious first before we can even know if the degen market would be into it. it's too early. it's like earlier than early, which is probably too early.

0 reply

0 recast

0 reaction

Panji 🟡 ⌐◨-◨ pfp

Panji 🟡 ⌐◨-◨

It has potential and too early too judge for me.

0 reply

0 recast

0 reaction

🄷🄴🄽🅁🅈🍵 pfp

🄷🄴🄽🅁🅈🍵

We like the 404s. We like the /chiblings. 🥰

0 reply

0 recast

0 reaction

edwardf pfp

it's a new decentralized distribution method, I love the creativity and I guess it's easier for people to get more expensive NFTs by saving up their tokens over time?

0 reply

0 recast

0 reaction

r4v🃏🎩🍖🍄🐹🎭🌭 pfp

r4v🃏🎩🍖🍄🐹🎭🌭

0 reply

0 recast

0 reaction

Samir 🎩 pfp

it is still confusing to like it or not, you may got both answers. Also may depend on each one how he deal with his assets or NFTs or trades

0 reply

0 recast

0 reaction

Samir 🎩 pfp

it is still confusing to like it or not, you may got both answers. Also may depend on each one how he deal with his assets or NFTs or trades

0 reply

0 recast

0 reaction

Barries🎩 pfp

I like it. It adds an extra incentive to hodl your tokens

0 reply

0 recast

0 reaction

David🎩 pfp

This sounds like an effective enough check though.

0 reply

0 recast

0 reaction

tranvgiang☀️🔵🎩 pfp

tranvgiang☀️🔵🎩

@tranvgiang.eth

I think 404s allow for more flexibility in ownership and trading. It helps retailers sell portions of high-value NFT to multiple buyers. Btw, I still don't like the fact that NFT projects are tied to tokens because most NFTs drop in price after TGE.

0 reply

0 recast

0 reaction

abeg007.degen.eth pfp

abeg007.degen.eth

i didn’t know about this

0 reply

0 recast

0 reaction

m a s pfp

I think the gachapon/loot crate/re-roll mechanics have a lot of potential, esp in gaming/gamifying projects...very underexplored right now. I need to learn more, but if it is compatible with big 20 & 721 platforms as is, seems like it could be BIG. NFTs ^ Memecoins = ✨

0 reply

0 recast

0 reaction

Zeni pfp

As a dev who just learned what this is right now, is it possible to name it something else?

1 reply

0 recast

0 reaction

artman 🖼️ pfp

it has potential that has not been reached yet

0 reply

0 recast

0 reaction

Dani🎩 pfp

I don't like them, i think it adds a complexity that is not needed. I recently minted blastin pepes on Blast, a 404, no reveal yet but everytime if you move, or sell/buy the tokens you end up with a different NFT... pretty odd for a 10k collection.

0 reply

0 recast

0 reaction

Passion pfp

Fun concept but I don't see any justifiable uses. The NFT component is -EV by creating additional dependencies. In every case I can think of, I'd prefer to just implement a swap contract that establishes some exchange rate between the token and NFT.

0 reply

0 recast

0 reaction

Rafaello pfp

This mechanism can maintain scarcity and increase the value of the remaining NFTs, providing a deflationary effect in the NFT market.

0 reply

0 recast

0 reaction