Why 404 Tokens

The ability to fractionalize your NFT into a universal fungible token (FT) offers two significant advantages: instant liquidity for your NFT and a stable value peg to a project's utility token, effectively solving two major challenges in the space with a single solution.

This process provides all the benefits of having an FT, such as a lower barrier to entry and expendability. Since the FT supply is derived directly from the original NFT (in this case, Jellycubes), there is a natural value peg between the NFT and the FT ($JELLY).

This mechanism allows an NFT project to enjoy the advantages of both NFTs and FTs, with joint appreciation from the value peg. Users can seamlessly swap between the two, ensuring that utility is not limited to one or the other. As a result, projects no longer need to prioritize utility for one asset type over the other, as both will have equal impact.