What are Soulbound tokens?

The Non-Transferrable NFT Explained Ethereum co-founder Vitalik Buterin describes soulbound tokens as non-transferable NFTs that can help represent a person's identity and achievements in Web3. Non-fungible tokens ( NFT) are a type of blockchain asset that allows holders to prove ownership over an item, real or digital.

What are'soulbound' assets on the blockchain?

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.

What are non-transferable tokens?

These non-transferable tokens represent credentials and affiliations within DeSoc, and are linked to Souls, a type of address that establishes provenance. “Soul” is not a word commonly associated with the highly technical and often financially-oriented space of blockchain and crypto.