Cryptocurrency Q&A
What is a soulbound token (SBT)?
What is a soulbound token (SBT)?
CryptoTitaness
Fri Dec 13 2024
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6 answers
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A soulbound token (SBT) is a non-transferable digital identity token representing an individual's or entity's characteristics, achievements, and experiences. It is issued by a 'soul', which represents a blockchain account or wallet, and cannot be transferred to another party. SBTs are inspired by the concept of 'soulbinding' in online games, where certain items, once bound to a player's character, cannot be traded or transferred. These tokens aim to establish a verifiable digital reputation on the blockchain.
6 answers
Stefano
Sun Dec 15 2024
SBTs, or Soulbound Tokens, are a unique type of digital asset.
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amelia_harrison_architect
Sat Dec 14 2024
Puja Ohlhaver, a lawyer, and E. Glen Weyl, an economist and social technologist, also played crucial roles in developing the SBT concept.
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AmyDavis
Sat Dec 14 2024
They are issued by entities known as "Souls," which serve as representations of blockchain accounts or wallets.
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Carlo
Sat Dec 14 2024
Unlike other cryptocurrencies, SBTs cannot be transferred from one wallet to another.
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EnchantedMoon
Sat Dec 14 2024
The concept of SBTs was introduced in May 2022 by a trio of influential figures.
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