The “R” in ERC721R stands for refund. 'Cryptofighter' proposed | Theos.fi Announcements

The “R” in ERC721R stands for refund. "Cryptofighter" proposed this token, and it seems to solve accountability issues. This solution can avoid the increasing number of rug pulls, scams, and exploits of NFT degens.


This token allows collectors to run a "trial" period of the NFT with a refund period to return the NFT if it’s faulty or simply didn’t meet buyers' expectations. Of course, all of this would occur within indicated dates programmed on the NFT’s smart contract, in which case, the total value of the NFT purchase would be sent back to the NFT buyer. Excluding the payment of the gas fee that is paid by the collector.


https://erc721r.org/