The Potential of SoulBound Tokens
The Ethereum co-founder, Vitalik Buterin along with his team published a white paper titled “Decentralized Society: Finding Web3’s Soul,” in which the team envisioned a fully decentralized society (DeSoc) and how it can be made into reality. The paper argues that in fully decentralized society, there should be no need for central points of control. To that end, they suggest the creation of a new type of token, called a SoulBound Token (SBT), which would be "soulbound" to its holder. In other ...
The Potential of SoulBound Tokens
The Ethereum co-founder, Vitalik Buterin along with his team published a white paper titled “Decentralized Society: Finding Web3’s Soul,” in which the team envisioned a fully decentralized society (DeSoc) and how it can be made into reality. The paper argues that in fully decentralized society, there should be no need for central points of control. To that end, they suggest the creation of a new type of token, called a SoulBound Token (SBT), which would be "soulbound" to its holder. In other ...
