ERC-404 is an experimental token standard aiming to merge fungible and non-fungible tokens on the Ethereum blockchain.
What does that mean? Erc404 is bringing liquidity to nft and making your nfts truly a liquid asset. It turns your nft into a token and nft all at the same time.
As long as you cross the threshold of holding a single 404 token you will automatically mint a nft and when you sell bellow 1 total coin it will automatically burn that nft. What this also means is that now your nfts are truly a liquid asset if you want to sell your floor price nft you no longer have to wait for a buyer erc404 provides liquidity for you to sell your token(nft) instantly.
Now why I’m I so bullish on SushiFighterNFT ? They are the first erc404 nft that will be coming to injective and is backed by one of the most beloved projects in the community Dojo Swap. Sushi has a lp pair with dojo meaning the more volume sushi gets it in turn helps dojo the whole philosophy of their ecosystem. Sushi had an insane amount of volume at launch because people will be buying and selling trying to mint rarer nfts.
This helps both dojo and sushi simultaneously. On top of many confirmed airdrops and the overall amazing tech 404 provides this is why I have a strong believe sushi will become the top nft in the entire ecosystem and will become the new standard for nfts moving forward.
Currently Sushi is sitting at $1159 per NFT which is up 7.7x from the launchpad. With the babydojo airdrop around the corner which will be airdropping suhsi holders a minimum of .42 cents on the dollar. (example if I hold 10k worth of sushi I'll be getting an additional $4200 dollars in the airdrop alone). This airdrop is this the beginning with many more already confirmed on top of a dojo-sushi farm pool already released and a sushi only staking pool soon to be released its clear the future is very bright for the Sushi ecosystem.