‘Binance introduces web3 wallet inscriptions marketplace with ERC-404 support’

Binance Enhances Web3 Wallet with Inscriptions Marketplace and ERC-404 Token Support

Binance has recently unveiled updates to its Web3 Wallet, aimed at providing users with a more enriching decentralized web experience. The new features include the introduction of an Inscriptions Marketplace and support for ERC-404 tokens.

These updates are part of Binance’s ongoing efforts to facilitate fractionalized NFT collections and simplify asset management for users. The expansion of the Web3 Wallet ecosystem now includes the integration of 24 new decentralized applications (dApps) and five new networks.

One key advancement is the support for ERC-404 tokens, which enable fractionalized NFT collections by combining the ERC-20 and ERC-721 standards, eliminating the need for intermediaries. The introduction of the ERC-404 token, exemplified by the success of Pandora, indicates a growing interest in innovative tokenization methods.

For users with semi-custody wallets, Binance is offering an upgrade to full self-custody wallets, highlighting the importance of user autonomy and security. Additionally, Binance is running an exclusive Inscriptions Marketplace Airdrop from Feb. 22 to Apr. 3, giving participants the opportunity to share in over million worth of rewards.

These updates reflect Binance’s commitment to providing a dynamic and comprehensive ecosystem for users of its Web3 Wallet. For more information on these developments and other Binance news, check out the latest updates on Binance Launchpool and the surge in BNB price reactions.