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The “divisible NFT” standard aims to be an NFT with native fractionalization built in.

Another day brings another experimental Ethereum token standard.

After the unexpected launch – and hype – of the ERC-404 token standard, a team of Ethereum developers launched DN-404 today, which aims to fix the former’s inefficiencies.

“Our end goal was to create a token standard that could act as an NFT with native fractionalization built in,” wrote pseudonymous developer Cygaar, who appears to have led the team of six developers.

Cygaar wrote a lengthy thread today revealing what the team considers to be ERC-404’s flaws and how their new token standard addresses them.