Yuliverse and OG404: NFT Minting Recap

Details: 20 March 2024

Web3
GameFi

The launch of OG404, Yuliverse’s flagship NFT collection, marks a significant milestone in the GameFi space. With a limited supply of 1,000 NFTs, OG404 sold out in just 10 seconds, earning a spot among NFTGo’s Top 3 hot mints. Built on the experimental Ethereum’s DN404 token standard, this collection is reshaping liquidity and accessibility in the NFT and blockchain gaming ecosystem.

Here’s everything you need to know about Yuliverse and their new NFT collection OG404.

What is Yuliverse?

Yuliverse is a Web3 location-based game that blends blockchain technology with real-world exploration, much like a blockchain version of Pokémon GO. This GameFi project has demonstrated impressive growth and community engagement, securing its position as a leader in blockchain gaming:

140,000 daily active wallet addresses (DAU).
Ranked among the Top 3 blockchain games in Japan.
Achieved the third place for unique active wallets (UAW) on Polygon.
The first place for NFT trading volume on BNB Chain in 2023, with over 106,000 BNB traded.
Integration with major crypto trading and management platforms, including the OKX Wallet.

OG404 NFT Collection

The OG404 NFT collection was designed to reward Yuliverse’s early supporters. With unique utilities and liquidity features, OG404 exemplifies the next generation of NFTs.

Utilities of OG404

Trading Liquidity: Enhanced market accessibility.
ART Airdrops: Exclusive token rewards for holders.
In-Game Benefits: Extra perks within the Yuliverse ecosystem.
Staking Opportunities: Additional rewards that can be earned by staking OG404.

Built on the DN404 token standard, OG404 takes crypto liquidity and utility to the next level.

How DN404 Transforms NFT Transactions

Fractionalised Trading: Enables users to tokenise and trade fractions (part) of a single NFT, significantly increasing its liquidity.
Gas Efficiency: Compared to its predecessor ERC404, DN404 reduces transaction costs, making it more user-friendly.
Dual Contracts: DN404 uses two contracts—an ERC20 base contract and an ERC721 mirror contract—to improve efficiency and minimise vulnerabilities.

DN404 vs. ERC404: Key Differences

While both DN404 and ERC404 innovate by combining ERC20 and ERC721 elements, there are notable distinctions. Firstly, ERC404 uses a single contract that interacts with both standards, whereas DN404 employs two separate contracts for better performance. Secondly, DN404 claims to offer greater efficiency and lower transaction costs, making it ideal for high-volume trading.

Thanks to the DN404 standard, OG404 can be traded directly on platforms like Uniswap. Trading less than 1 OG404 token yields OG404 without the NFT. Swaps of a complete OG404 token provides both OG404 and the NFT itself.

This new model significantly improves liquidity and accessibility, making OG404 one of the most versatile NFT collections in the market.

The development of OG404 was powered by a strategic partnership with AsterixLabs, leveraging the DN404 protocol to unlock new possibilities in GameFi. DWF Ventures, a key crypto venture investor in Yuliverse, has expressed enthusiasm about supporting the project’s growth and innovation.

Conclusion

Yuliverse’s OG404 NFT collection and the innovative DN404 token standard are setting a new benchmark for liquidity, accessibility, and utility in GameFi. With its rapid sellout and groundbreaking features, OG404 reflects the potential of NFTs to evolve into mainstream financial and gaming assets.

As the GameFi space continues to grow, Yuliverse is well-positioned to lead the charge with novel solutions that benefit gamers, developers, and investors alike.

As a crypto venture capital fund, we are always looking to partner with promising Web3 founders and projects. Keen to connect? You can contant DWF Ventures directly.