TechFlow News: LoongCity, a project improving the ERC404 protocol, has announced the completion of a $2 million seed funding round invested by MAZARINE SEA. The funds will be primarily used for NFT market capitalization management and the subsequent development of GameFi.
According to reports, LoongCity will launch the ERC1321 protocol, an enhancement of the ERC404 protocol, which introduces on-chain oracles to resolve the ERC404 protocol's inability to assess NFT rarity. LoongCity is a fictional Chinese steampunk-themed metaverse that will conduct its first NFT minting tomorrow.




