Ethereum Has Gatekeepers (for Good Reason)
Summary
ERC-404 tokens, an unofficial and experimental token architecture, were launched without community buy-in or documentation, causing controversy. The project aims to make it easier to fractionalize and trade non-fungible tokens (NFTs) by combining ERC-20 and ERC-721 standards. Despite concerns over safety and consensus, ERC-404 tokens have gained attention and support from exchanges. The branding implies more legitimacy than warranted, and the project's future remains uncertain.
