๐ค๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐: ๐๐๐๐๐๐๐ ๐
๐๐๐๐๐๐ ๐ฑ ๐๐๐๐๐๐๐๐๐๐ค
Weโre excited to announce a groundbreaking partnership with @AmaterasuSekai, a hybrid project powered by the cryptoโs next asset class evolution, DN404.
Through this partnership, simply swapping tokens on @CellanaFinance will enable users to mint Amatersu NFTs.
How does DN404 work?
โก Fungible token (FT) and Non-Fungible Token (NFT) contracts are interlinked.
โก Actions on one contract reflect on the other.
โก Acquiring the adequate FT amount mints an NFT.
โก Selling the FTs burns the corresponding NFTs if the ratio is not fulfilled, starting with the newest one.
For example:
๐ท 100 FTs = 1 NFT
๐ถ If a user sells 0.1 FT, the balance reduces to 99.9 FTs, thereby no longer meeting the 1 NFT requirement, which results in the burning of that NFT.
Value props:
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NFTs using the DN404 standard will no longer be illiquid. Swap the token on any DEX to burn your NFT
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Potential for fractionalization, especially when it comes to RWAs and GameFi
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Rerolling for traits made simple by swapping on a DEX
Read more at ๐ https://t.co/n1WwS3ePjy