Pandora is the first implementation of a new token format called “ERC404” developed by the Pandora team, which enables tokens to comply with both the ERC721 NFT and ERC20 fungible token standards. This new format enables native liquidity and fractionation of NFTs, enabling seamless interoperability with NFT and DeFi infrastructure. It also supports novel fair issuance mechanisms such as issuance of NFT collections through Uniswap, as well as innovative GameFi mechanisms, RWA use cases, NFTfi, and more.