I think the main problem with ERC404 is actuallythe fact that if you execute a normalERC20 transfer, your unique ID is irreversibly burned.
Think of owning the token with ID = 1. As soon as you do a normal ERC20 transfer, adding lp, whatsoever, the ID 1 ispermanently burned and the recipient will just get the next currentID minted.
If you see it like that, the whole idea ofhaving valuable NFTs will NOT work.
Imagine tokenizing a house to ID = 1 butthen "burning" your house due to a normal ERC20 transfer.
