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launches an ERC-404 conversion platform for Memecoin, Meme artists and communities can create their Meme NFT collections in ERC-404, and holders are able to convert their Memecoin into NFT.Memecoin is the eternal rhythm of the crypto market, known for its explosive expansion, unique community culture, and vast market potential. And many graffiti artists created fantastic works around memecoins, but these genius works never had a chance to share a piece of the memecoins’ value surge.
Color Protocol starts with a conversion platform, which aims to build a new paradigm for Meme-based art asset issuance, allowing anyone to convert Memecoin from the ERC-20 standard into ERC-404, a hybrid standard that perfectly integrates properties of both token and NFT. Created by Color Protocol, artists’ Meme works are no longer isolated, illiquid assets, but can now share the value increase of Memecoin. Meme communities could increase playability and enable wider spread to enhance community consensus. As for the holders, they could own assets with unique Meme culture as well as liquidity., states: “The market cap of Memecoin has skyrocketed by over 200% to $70 billion this year. The value of consensus in Meme Creation has not been fully realized yet.
Color Protocol is a new paradigm for Meme creation issuance, empowering Meme artists, communities, and users worldwide with greater consensus and value. Color Protocol is dedicated to leverage the ERC-404 protocol innovation to make memecoins more colorful, more playable, and even greater.
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