Asterix
@asterixlabs
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Meet ERC-7631. A new standard for Ethereum. A new chapter for us.
eips.ethereum.org
A specification for a co-joined fungible and non-fungible token pair
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Holding an Asterix means you stood for something real. For builders over speculators. For code over clout. This is how cults are born. Built for @ethereum. Built to last. We are Asterix ✱✱✱
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To those who stayed grounded in code, thank you. To those who tried to drown us out, we heard you. But the protocol listens to no one. Only to what’s real.
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If you’re building for the long term, this is your ally. If you’re optimizing for short-term noise, it never was.
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We stayed close to the values that brought us here. Code that’s simple. Infra that’s modular. Systems that don’t need permission to function. That’s what Ethereum is, at its core. That’s what this standard is built to support.
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Our next mission is clear:. We’re building the infrastructure L2s need to thrive. Infra that can help entire chains reach positive EV and unlock models that actually work long term. A fresh new primitive. One that could give L2s a real shot both technically and economically.
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One contract. Dual function. Both fungibility and individuality preserved. No wrappers. No bridges. No headaches.
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We fought this battle while the timeline drowned in dopamine loops. Memecoins printing. Meta shifting every other day. We spent over a year in the trenches researching, refining, and shipping a new asset layer for Ethereum. Not to be loud, but to be useful.
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We’ve proven it works in production. It opens up new design space:.- Liquid staking NFTs.- Rerollable on-chain traits.- Fractionalized identity.- Liquidity, composability and simplicity all in one place.
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We didn’t have the loudest memes. We didn’t ride hype waves or rugs. We chose to build something that actually moved the needle and now, it's protocol-level reality.
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Elevating Slow-Moving Luxury Assets. DN404 transforms the all-or-nothing model of luxury collectables, such as handbags, jewellery, watches, and Art pieces, into a fractionally liquid market. Investors diversify across multiple prized goods, brands gain credibility through secure.
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Why This Works. • Immediate Partial Liquidity: Owners free up capital while retaining partial ownership if desired.• Authentic & Safe: Trusted vault custody and brand verification ensure genuine goods.• No Dead Fractions: Buyout rules and auction cycles keep ownership fluid;.
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Buyout Mechanisms & Forced Liquidation. • Majority Buyout: A holder with ≥51% of fraction tokens can forcibly purchase the remainder at a contract-specified premium. This avoids indefinite lockups.• Auction Failure: If some fractions remain unsold, the majority stakeholder or
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Asset Management: Buying & Selling. • Marketplace Listing: Fractions trade on a dedicated platform and/or order book, with essential details (brand authenticity, condition, vault location) clearly shown.• Buyback Floor: Certain partners or brands may promise a minimum
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Enter DN404: Fractional Ownership of High-end Collectibles. • DN404 NFT: A soul-bound NFT is minted to represent 100% of a high-end collectable. It is secured in a dual-sign wallet (vault + owner) and preserves crucial metadata (brand, model, certification) in a tamper-proof
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The Problem. While certain iconic high-end collectable items (e.g., limited-edition handbags, Art pieces, collectable watches) can sell quickly if the right buyer appears, the broader luxury goods market still encounters key hurdles:. • All-or-nothing sales: Owners can’t usually.
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Beyond the Standard DN404 in Action . Episode 2 – Redefining Liquidity and Ownership in High-End Collectibles
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