The 404 protocol of "Duality of Image Coin" gives insights to the blockchain gaming field

It has been nearly a month since the last article was published, and the 404 track has shown poor performance along with the market adjustment, with leading projects experiencing significant price declines. However, conducting investment research during a market downturn can actually help avoid being influenced by external emotions. Let's continue to explore several aspects of this topic:

1. Supplement to Several Basic Concepts

Before discussing application cases, let's supplement some basic concepts:

1. This article collectively refers to protocols such as ERC404, DN404, BT404, which have "dual nature of tokens", as "404" class protocols.

2. The main differences between these protocols:

ERC404 first appeared, integrating the ERC721 and ERC20 protocols, with higher gas fees. The first application is Pandora, which uses the "treasury queuing rotation" mechanism for NFT minting.

DN404 is an improved version of ERC404, connecting ERC721 and ERC20 through a bridge, reducing gas fees, and allowing developers to customize the NFT minting mechanism.

BT404 has added NFT lock-up functionality and a P2P trading market, making it more suitable for blockchain game application scenarios.

3. The color probability of Pandora's box does not represent the total proportion, but rather indicates the probability of players obtaining a specific color box after multiple transfers.

4. Features of DN404 and BT404:

DN404 reduces gas fees and allows for a customizable NFT minting mechanism.

BT404 has added NFT lock-up and P2P trading features, making it more suitable for blockchain gaming applications.

2. Several Cases in the 404 Track

Lumiterra

Lumiterra is a highly regarded project that integrates multiple sectors of DeFi, SocialFi, and GameFi. Its 404 NFT "Lumiterra Totem 404" has the following features:

1. Strong innovation, independently developed contracts
2. New NFTs can only be minted through Uniswap trading to increase liquidity.
3. Introduce NFT synthesis mechanism to achieve forced deflation.
4. Use the "stack" mechanism instead of treasury queuing.

Yuliverse

Yuliverse is a Web3 social positioning game that recently launched the OG 404 asset:

1. Based on the DN404 protocol
2. As an OG Pass carrier, it has multiple rights.
3. Choosing DN404 mainly considers gas fees and technical support.

BinaryX

The Project Matthew game launched by BinaryX uses the ERC-404 standard:

1. Issue 40,000 404 Token MB4
2. 404 NFT airdrop weight is allocated based on rarity
3. Destroying MB4 can obtain advanced game assets
4. The main purpose is to provide consumption scenarios for the BNX coin.

III. Outlook for the 404 Track

The 404 protocol is one of the few innovations in this bull market, integrating gameplay into the protocol level. Although it is currently limited to innovations at the application level, in the absence of other breakthrough innovations, the 404 track is still worth looking forward to.

Compared to the new concepts that emerged in the last bull market such as DeFi, NFT, and GameFi, the innovations in this bull market are relatively scarce. AI has potential but falls within the Web2 category, while other concepts like inscriptions and the Solana ecosystem have yet to form a strong narrative.

The current bull market is mainly driven by capital, lacking endogenous development momentum. Although the "Bitu Coin Two-way 404 Protocol" may not be sufficient to become a dominant innovation, it is still one of the directions worth paying attention to in the current environment.