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WHAT ARE SOULBOUND TOKENS (SBTS)?

Fundamentally, these are NFTs rendered non-transferable once acquired. One might ponder: what purpose does a token serve if it cannot be transferred? In reality, such tokens harbor diverse use cases and utilities.

The future of ETH

This characterization echoes the sentiments of Vitalik Buterin himself. The term "Soulbound" gained prominence, drawing inspiration from the renowned World of Warcraft, a concept that Vitalik has embraced as influential in shaping the notion of Soulbound Tokens (SBTs).

SBTs can have various use cases

Consider a university aspiring to issue on-chain diplomas to graduates — what better method than employing Soulbound Tokens (SBTs), eternally linked to the recipient and impervious to transfer.

Additionally, envision their utility in certificates of participation, bespoke event tickets redeemable for various experiences, and exclusive access to data, assets, or resources limited to specific individuals, devoid of trans



ferability.

We are witnessing the evolution of the blockchain.


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