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.”
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