Coloration Protocol launches ERC-404 conversion platform for Memecoin

Seoul, South Korea, April eighth, 2024, Chainwire

Coloration Protocol launches an ERC-404 conversion platform for Memecoin, Meme artists and communities can create their Meme NFT collections in ERC-404, and holders are in a position to convert their Memecoin into NFT.

New paradigm for Meme-based creation issuance

Memecoin is the everlasting rhythm of the crypto market, identified for its explosive enlargement, distinctive neighborhood tradition, and huge market potential. And lots of graffiti artists created unbelievable works round memecoins, however these genius works by no means had an opportunity to share a bit of the memecoins’ worth surge. But the memecoins with their now firmly established neighborhood consensus usually are not with out flaws: the consensus varies considerably throughout totally different memecoin communities, and the excellence between memecoins and different tokens just isn’t pronounced sufficient.

Coloration Protocol begins with a conversion platform, which goals to construct a brand new paradigm for Meme-based artwork asset issuance, permitting anybody to transform Memecoin from the ERC-20 normal into ERC-404, a hybrid normal that completely integrates properties of each token and NFT.

Created by Coloration Protocol, artists’ Meme works are now not remoted, illiquid belongings, however can now share the worth improve of Memecoin. Meme communities may improve playability and allow wider unfold to boost neighborhood consensus. As for the holders, they may personal belongings with distinctive Meme tradition in addition to liquidity.

Walter, co-founder of Coloration Protocol, states: “The market cap of Memecoin has skyrocketed by over 200% to $70 billion this 12 months. The worth of consensus in Meme Creation has not been totally realized but. Coloration Protocol intends to convey collectively artists, communities, and holders via ERC-404 to derive 1% and even larger worth from Memes.”

About Coloration Protocol

Coloration Protocol is a world workforce made up of skilled builders within the ecosystem. The workforce has been working since February and plans to launch the Flux-404 NFT deflationary contract normal, ERC404 launch software, and cross-chain performance within the subsequent month.

Coloration Protocol is a brand new paradigm for Meme creation issuance, empowering Meme artists, communities, and customers worldwide with larger consensus and worth. Coloration Protocol is devoted to leverage the ERC-404 protocol innovation to make memecoins extra colourful, extra playable, and even larger.

For extra data, customers can go to Coloration Protocol: Official Web site | Twitter

ContactColoration Protocolbd@colorprotocol.com

This text was initially printed on Chainwire