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Ethereum World News 2022-09-24 10:42:56

What are Soulbound Tokens? All You Need to Know About this Non-Transferrable NFT

Soulbound tokens (SBTs) are non-transferable, non-tradeable digital assets representing your identity and achievements in Web3. As SBTs can establish provenance and reputation, these tokens may see widespread adoption in DeFi, social media, and many more aspects of our life. Back in May, Ethereum co-founder Vitalik Buterin published a paper about soulbound tokens (SBTs), describing them as the building blocks for a decentralized society (DeSoc). One of the paper’s co-authors, Eric Glen Weyl, predicts that SBTs will be available for early […]

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