brain dump of the night: summaries stuff that i need/plan to dig into...

erc404, dn404, brc20, runes ✨

✨dn404:✨ addresses critical vulnerabilities found in the erc404 standard, which attempted to combine erc20 and erc721 functionalities
* the erc404 approach led to security risks, notably through the transferFrom function, which could be exploited to trade token dust for multiple nfts

✨dn404:✨
* dn404 separates erc721 and erc20 functionalities into distinct contracts to ensure clarity and security in transactions while maintaining compatibility with DEXs

highlighted threads:
https://twitter.com/0xQuit/status/1757162239637737494
https://twitter.com/0xCygaar/status/1757136657286119916

✨brc20 and runes:✨ kind of... not new news but this is a token standard aims to bring erc-20-like functionality to the bitcoin blockchain
* underscores the ongoing quest to expand bitcoin's utility beyond a pure currency
* runes -> can make unique, token-like structures, pushing boundaries of bitcoin's capabilities

✨runes:✨ offer a smarter, more efficient way to handle fungible tokens directly on bitcoin's blockchain
* aim to fix the issues of other token standards like brc20 by sticking close to bitcoin's roots with utxo-based txns - LEADS TO less clutter and a leaner blockchain, making every bitcoin transaction smoother

✨runes:✨
* easy-to-use solution without the need for off-chain data or additional tokens
* streamlines token usage in a way that respects the original design of the network

** utxo-based transactions are like using exact change from your wallet for purchases.. each utxo is a chunk of bitcoin you've received. when you make a transaction, you piece together enough utxos to cover the amount. any leftover change becomes a new utxo, back in your wallet for future use.

✨erc404:✨ a blend of fungible + non-fungible tokens, creating a semi-fungible category allowing for fractional ownership of nfts
* could revolutionize how we interact w/ digital assets, making it easier to trade + own parts of an nft
* pandora, the first token to use erc404 went 120x - bigly hype market interest