CryptoTitaness
Fri Dec 13 2024
|
6 answers
751
What is a soulbound token (SBT)?
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.
Caterina
Thu Nov 21 2024
|
5 answers
994
What is SBT used for?
I'm trying to understand the purpose of SBT. Could someone explain what it's mainly used for?
Martino
Tue Nov 19 2024
|
6 answers
1196
What is SBT and NFT in crypto?
SBT stands for Soul-Bound Token, a special type of NFT that, once acquired, is permanently linked to the owner's account and cannot be transferred. NFT, short for Non-Fungible Token, represents unique and non-interchangeable items such as artwork, music, or virtual real estate, built on blockchain technology.
Enrico
Fri Nov 08 2024
|
7 answers
1378
What is SBT in Web3?
I'm trying to understand the concept of SBT in the context of Web3. Could someone explain what SBT stands for and its role in the Web3 ecosystem?
