With the recent hype of Soulbound tokens, people wonder if they could transform the future of NFTs.
In this video, we’ll cover:
1. How do Soulbound tokens (SBT) work?
2. Pros and cons of Soulbound tokens
3. When will Soulbound tokens be available?
Soulbound tokens are non-transferable, and they can represent any information specific to a person or entity. This could be your CV, academic achievements, or even work history. The wallets that hold or issue these records are known as souls.
Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Timestamps:
00:00 Intro
00:30 What are Soulbound tokens (SBTs)?
01:45 How SBTs work in Web3
04:05 Drawbacks of SBTs
05:36 When will SBTs be available?
05:51 Crypto projects adopting SBTs
06:36 Outro
Download CoinGecko App!📱
iOS: https://gcko.io/coingecko-ios
Android: https://gcko.io/coingecko-android
Follow us!
Twitter: https://twitter.com/coingecko
Instagram: https://www.instagram.com/coingecko
TikTok: https://www.tiktok.com/@coingeckotv
Telegram: https://t.me/coingecko
Subscribe to CoinGecko’s Newsletter! 📩
https://landing.coingecko.com/newsletter/
#soulbound #ethereum #defiprojects #nft #nftcommunity #cryptoresearch #web3 #finance #cryptolending #vitalik #vitalikbuterin #collateral #dao #voting #sybil #whitepaper #binance #optimism #layer2 #ethereumlayer2 #kyc
source
