Soulbound Tokens

What are use cases for SBT’s?

Unlike traditional NFTs (non-fungible tokens), SBTs will be non-transferable and, therefore, can only be ‚earned‘, not acquired through commerce.

What are use cases for SBT’s?

🎓 Proof of qualifying for a specialized or professional course. Universities, colleges, and other institutes could offer it as proof of qualification for an individual. A digital counterpart of diplomas, degrees, etc.

🛂 A digital counterpart of Social Security Number, ID Cards, Driving License, etc.

🗳️ As a voting card for #ballots or #dao governance. The #ethereum founder suggests that instead of a DAO model that favors large holders of governance tokens, we should use soulbound tokens for voting. This can prevent staking pools from collecting tickets from other users – because soulbound permits are not tradable.

Why is this such a big deal?

SBTs focus on the social aspects and turning digital life into a reality. It is another great step in blending digital dimension and reality into a single domain. For more, get in touch with our expert Rebecca Miller.