ERC721R: Bringing Greater Accountability to NFT Creators
ERC721R adds trustless refunds to NFT smart contracts allowing minters to return the NFTs minted at cost within a given refund period.
Benefits
Prevents Rug Pulls
If you have 30 days to request a refund after mint this stops quick rug pulls where the artists don’t deliver as promised.
Greater Accountability
See the art the creators have promised and see how they handle the community during the refund period.
Protected Floor Prices
There’s no reason for a collector to sell below mint during the refund period as they can always request a refund.
Low Risk Purchase
If the buyer doesn’t like how the project is going they can return their NFTs and receive a refund.
Projects Offering Trustless Refunds
Supporting ERC721R Projects
We’ve gathered a group of collectors committed to backing the next 5 projects to launch with ERC721R. Due to the low risk nature of refundable mints and the accountability the team is willing to take on by adopting this standard we’re committed to auto minting projects with built in refunds.
We hope this encourages more creators to adopt the ERC721R standard and revolutionise the NFT space.
If you’d like to join this list you can do so here.