SyncSwap launches 404 Wrapper to enhance ERC721 NFT liquidity

ChainCatcher news, the decentralized trading platform SyncSwap based on zkSync has officially launched the 404 Wrapper. This technology allows existing ERC721 non-fungible tokens (NFTs) to be wrapped into interchangeable 404 tokens, enabling instant trading on SyncSwap with lower transaction fees. LIBERTAS OMNIBUS is among the first NFT series to support the 404 Wrapper technology.

SyncSwap stated that the 404 Wrapper, as a public product, provides completely permissionless and open-source wrapping and unwrapping services, without charging any fees. This initiative aims to enhance the liquidity of NFTs and expand their application potential in various scenarios.