Soulbound Tokens [SBTs] - What Makes them the Future of Web3?

The concept of “soulbound” assets on the blockchain was first discussed in a January 2022 blog post by 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.

“NFTs in their current form have many of the same properties as rare and epic items in a massively multiplayer online game,” he wrote, before describing some of their shortcomings. “While transferable NFTs have their place and can be really valuable on their own for supporting artists and charities, there is also a large and underexplored design space of what non-transferable NFTs could become.”

DCTV Discord: https://discord.gg/GJUkWCGBUw
Bitcoin.pub 2.0 (Catena): https://community.catena.one/d/22-welcome-to-watercooler-introduce-yourself
10 Days of Bitcoin Playlist: https://youtube.com/playlist?list=PLbU97n4BShKlq6DOTSvFk6RcCys3P50al
B90X Crypto Bootcamp Playlist: https://youtube.com/playlist?list=PLbU97n4BShKnXwCPb5wNQ6WQWnGvLwJ1r
Follow us on your platform of choice: https://themetafi.co/social
_
FAIR USE NOTICE:
For purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair Use is a use permitted by copyright statute that might otherwise be infringing. This show is for entertainment purposes only. We do not give venture capital advice. This is never financial advice. Never sell your Bitcoin. Own your own keys.