MEME project welcomes Rebound, new NFT gameplay sparks follow

Recently, after a rapid decline, the crypto market has started to slowly rebound, with MEME projects standing out in particular. This provides investors with an important opportunity to look for potential projects and layout for the future.

In this round of the bull market, MEME has become a topic that cannot be ignored. The high valuations and unreasonable token allocation and distribution of traditional VC projects have prompted market funds to shift towards the MEME sector, driving the vigorous development of MEME. However, the strong user base and consensus inherent in MEME projects are also key factors for their market favor.

Currently, the market mainly focuses on homogeneous MEME tokens, while the attention on MEME in the form of NFT is relatively low. The NFT form of MEME tokens is limited by the depth of trading circulation, but in terms of value representation, the widespread dissemination of MEME is precisely derived from each "small image". Therefore, the NFT version of MEME plays an important role in the ecosystem, but it currently lacks a breakthrough opportunity.

In this context, the ERC 404 protocol has attracted the attention of developers. ERC 404 is known as a semi-fungible token, which possesses characteristics of both fungible and non-fungible tokens, allowing for splitting and merging. Based on this, a new protocol has been further optimized, launching BC 404, bringing new gameplay and application scenarios to the industry.

The core idea of this new protocol is to "color" homogeneous tokens, adding images and other community elements to MEME coins, increasing their spread and recognition, which is beneficial for MEME coins to gain a larger user base and value. The protocol has introduced a conversion pool that allows users to convert homogeneous MEME tokens into semi-homogeneous tokens with NFT image attributes, enabling diverse gameplay such as display and trading similar to NFTs.

Compared to ERC 404, BC 404 has added curve model binding functionality, introducing a generation curve model during the token generation process to control the rate or quantity of token generation. This mechanism is similar to the mining difficulty mechanism, making it more challenging to generate new NFTs compared to earlier NFTs, thereby increasing the scarcity and value of the tokens.

For investors, new NFTs may carry a premium compared to fungible tokens, increasing the value of NFTs. The rising costs of generating NFTs also enhance their scarcity, while the uniqueness of numbered NFTs makes them even more distinct, giving rise to more gameplay worth exploring.

The protocol currently does not have its own mainnet token, but has launched a points airdrop feature that provides users with the opportunity to participate in the IDO whitelist and gain allocation in the conversion pool. In addition, the protocol has established partnerships with several well-known institutions and project parties to jointly expand the scope and scenarios of application.

Overall, this new type of protocol provides the MEME project with opportunities for reprocessing, with almost no additional minting costs, while bringing infinite imaginative overflow value to new NFT tokens. For participants, this is a low-risk, high-reward opportunity that is worth continuous follow and participation.