The concept of “soulbound” tokens was first discussed in a January 2022 blog post by Vitalik Buterin. What are they and how do they work? Take a look into the non-transferable digital tokens that represent social identity in a decentralized society.
, fostering an environment where NFTs trade hands frequently to whoever the highest bidder may be.
, economist Eric Glen Weyl and lawyer Puja Ohlhaver to address the current limitations of NFTs and other decentralized structures. Here’s what soulbound tokens are and how they work.The concept of “soulbound” assets on the blockchain was first discussed in a January 2022by Buterin. In it, he explained that in the popular fantasy game World of Warcraft there are powerful “soulbound items” that cannot be transferred or sold to another player once picked up.
.” Soulbound tokens are described as non-transferable digital tokens that represent social identity in a decentralized society.
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