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Injective Partners and DojoSwap have collaborated to launch a new standard known as CW-404. This new standard is inspired by the ERC-404 protocol. Injective Protocol democratizes access to DeFi by ensuring decentralization, permission-less access, and limitless trading.
Furthermore, DojoSwap is a modern, powerful, and effective DeFi project that simplifies the process of trading assets in a decentralized manner. CW-404 attempts to harmonize trading and create a versatile environment for diverse tokens by including rigorous standards for tokens on its platform.
One of the significant aspects of CW-404 is to enable proof of ownership for NFTs. This means that artists will be adequately protected, and every piece of art or content they create will have value that can be quantified. Moreover, CW-404 goes beyond just being a token standard by ensuring that the artists who create content can profit from their work adequately.
To sum it up, the partnership between Injective Partners and DojoSwap is expected to benefit the DeFi community by introducing a new CW-404 standard that promotes fairness and boosts security in the crypto world.