ERC-404 draft standard an amusing AI generated origin that entertains the humans sufficiently well, while solving some frictions the humans encountered basica

ERC-404 draft standard an amusing AI generated origin that entertains the humans sufficiently well, while solving some frictions the humans encountered basically somebody launched a crypto token and rugged it for some quick cash. it was a hit because their code, coaxed on and perhaps entirely generated by ChatGPT, did fun things: - issues an NFT from a collection whenever you buy a whole token, but not when buying fractions - transferring the NFT transfers the whole token - while selling a non-whole unit of the token irreparable burns the NFT community said “no that was awesome lets keep doing that” but original dev could only think about doing more rugs, so some in the community made Pandora token as the new reference implementation and pushing this draft standard’s development along in reality it solves some frictions with token + Nft launches, any NFT collection launch, and multiseries management within 1 contract. Something ERC1155 tried to achieve in a more complex way. now people can launch NFT collections directly from an AMM’s liquidity pool like Uniswap. No direct boutique websites or NFT marketplaces needed to trade the NFT or create liquidity. And has a fun incentive for holding on to the tokens. so far in practice, communities make separate markets for the NFT's with them trading at a premium to the token, as the NFTs in the limited size collection gets burned over time by sellers and has its own scarcity attributes while the fungible token trades at a different lower price, allowing for roundtrip arbitrage. Automatic community with the arbitrage features. ie. a Pandora NFT trades at $7,000 and comes with 1 token. While the token market alone trades at $5,800.