SPL-404 is a protocol on the Solana blockchain that enables the creation of a new type of hybrid asset, which combines the benefits of Non-Fungible Tokens (NFTs) and Fungible Tokens (FTs).

This protocol allows for the minting of NFTs with token-like properties, making them more liquid, accessible, and appealing to a wider range of users.

![](https://images.ecency.com/DQmUaNtgFyAWJgBAfb2aumG3gYXqwnvNwEbrZpZNu8cqkVB/image.png)<sup>Abble, Solana SPL-404 NFT Project</sup>

**What is SPL-404?**

SPL-404 is a protocol on the Solana blockchain that allows creators to mint hybrid assets, which combine the unique properties of Non-Fungible Tokens (NFTs) with the liquidity and tradability of Fungible Tokens (FTs).

**How does SPL-404 work?**

Imagine you're a digital artist, and you want to create a unique piece of art that can be owned and traded by collectors. With SPL-404, you can mint a hybrid asset that represents your art, but with a twist.

Let's say you create a collection of 10,000 unique digital monsters, each with its own characteristics, like rarity, strength, and appearance. With SPL-404, each monster is represented by a hybrid asset that has both NFT-like properties (unique characteristics, rarity, etc.) and FT-like properties (liquidity, tradability, etc.).

**Mutantmon Example**

Mutantmon is a project that utilizes SPL-404 to create a collection of unique, mutant-like creatures. Each Mutantmon has its own characteristics, such as rarity, strength, and appearance, making it a unique NFT. However, with SPL-404, each Mutantmon also has a token value assigned to it, which can be traded on secondary markets.

For example, let's say you own a rare Mutantmon with a token value of 100 SOL (Solana's native cryptocurrency). You can trade this Mutantmon on a secondary market, like a cryptocurrency exchange, just like you would trade a regular token. But, because it's also an NFT, you can prove ownership and scarcity, making it a unique digital asset.

**Abble Example**

Abble is another project that uses SPL-404 to create a collection of unique, digital collectibles. With Abble, you can mint a hybrid asset that represents a digital collectible, such as a rare sports card or a limited-edition art piece.

For example, let's say you mint an Abble collectible that represents a rare sports card. This collectible has a token value of 50 SOL, but it also has unique characteristics, such as a serial number, rarity, and a digital signature from the athlete. You can trade this collectible on a secondary market, but because it's also an NFT, you can prove ownership and scarcity, making it a unique digital asset.

**Re-minting and Gamification**

One of the key features of SPL-404 is re-minting, which allows owners to modify their hybrid assets to acquire more desirable traits. This adds a layer of gamification and engagement to the platform.

For example, let's say you own a Mutantmon with a token value of 50 SOL, but it has a low rarity score. You can re-mint your Mutantmon to try to acquire a higher rarity score, which would increase its token value. This process is similar to a game, where you're trying to collect rare items or upgrade your assets to increase their value.

**Key Features of SPL-404**

* Hybrid assets: SPL-404 enables the creation of NFTs with token-like properties, such as instant liquidity, lower barriers to entry, and appeal to DeFi and crypto natives.
* Token-like properties: Each SPL-404 NFT has an intrinsic token value assigned to it, which can vary depending on the tokenomics set by the creators of each collection.
* Re-minting: SPL-404 allows for the re-minting of NFTs, enabling owners to modify their NFTs within the same collection to acquire more desirable traits, adding a layer of engagement and gamification.
* Liquidity: SPL-404 NFTs can be easily bought, sold, and traded on secondary markets, providing instant liquidity to holders.
* Accessibility: The protocol's token-like properties make it easier for new users to enter the NFT market, as they can purchase a fraction of an NFT rather than the entire asset.