eli5

ERC404 
↳ also please clarify: if I sell the NFT that sells the tokens right?

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I have concerns that this may not have genuine technical support and may have been promoted solely by social media influencers.

Self-taught Software Developer | Freelancer | Crypto and Web3 enthusiast | Passionate about coding, decentralization, and exploring the future of the internet

It seems to me it’s just clever smart contract, not a token standard. In that sense I’m pretty sure it’s fully supported technically. But in that sense I don’t think it’s an ERC standard at all, but rather a meming of the name like BRC-20 on Bitcoin.