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Pandora is fundamentally designed to bridge the gap between traditional fungible financial instruments and unique digital collectibles. At its core, the project aims to promote fractional ownership of NFTs, allowing users to trade smaller portions of valuable assets while preserving the integrity and uniqueness of those assets.
The creators of Pandora sought to tackle the liquidity issues typically associated with NFTs, which often remain stagnant due to their inherent uniqueness and high entry costs. The project's name is evocative; it draws on the myth of Pandora's box—symbolizing the unlocking of hidden potential—while also referencing the HTTP 404 error code, indicating a new frontier in digital ownership.
By utilizing the ERC-404 standard, Pandora enables a system where each ERC-20 token can directly correspond with an NFT, facilitating an unprecedented interaction between fungible and non-fungible assets. This synergy opens new pathways for participation in the NFT market, transforming how value can be distributed and owned digitally.
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