Elacity, renowned for its NFT marketplace on Layer-2 Elastos, has rolled out support for the ERC-404 standard, enabling users to trade fractional NFTs seamlessly on its platform.

Diverging from the conventional ERC-20 and ERC-721 standards, ERC-404 streamlines the creation of NFT liquidity pools, granting users the ability to possess portions of an NFT. This innovation opens doors to a more inclusive way of experiencing the advantages of owning prestigious NFTs.

Through Elacity, users now have the chance to acquire fractional NFTs that represent a diverse array of digital content, spanning music, visual art, literature, and beyond.

Elacity is transitioning from being solely an NFT Marketplace to a Decentralised Digital Rights Marketplace (DDRM), serving as a hub for trading various digital assets. This evolution encompasses traditional NFTs, fractional NFTs, royalty

shares, and more.

Sasha Mitchell, CEO of Elacity, hailed the adoption of ERC-404 as a significant advancement in the digital rights and NFT landscape. He views it as a unique opportunity to foster deeper engagement between creators and their audiences.

Mitchell further emphasized that this transition will enrich NFT markets by providing utility through access or royalties to services, signaling a clear vision for Elacity’s future trajectory.