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Executive summary: What Are Soulbound Tokens (SBT)?

Vitalik Buterin introduced the idea of soulbound tokens, a way of identifying someone on-chain. In this article, I dive into soulbound tokens and their use cases.
Executive summary: What Are Soulbound Tokens (SBT)?

What you will learn:

  • What Soulbound tokens are and how they work.

Executive summary:

  • Soulbound tokens are a way of tying a token to one entity (a person or an institution).
  • They can be used for on-chain identification.
  • Use cases include DAO voting, uncollateralized lending, on-chain certifications, and digital CVs.
  • The dystopian version of soulbound tokens would be a social credit score.

Full article:

What Are Soulbound Tokens (SBT)? | CoinMarketCap
Soulbound tokens could unlock a host of non-financial use cases for web3 applications.