Web3 Crypto

Soulbound tokens | Explaining Buterin’s new concept of proving your Web3 identity


Join Daily Airdrop

YouTube video


Vitalik Buterin, the co-founder of Ethereum, proposed a concept that
could forever change our Web3 experience – a Soulbound Token. Although
it’s a fairly new concept, let’s try to understand it together.

00:00 Intro
00:40 Soulbound tokens and how they work
01:33 The big idea behind SBTs
02:08 When will the SBTs be available?
02:27 What’s the difference between SBT and NFT?
03:44 Benefits of SBTs
05:51 Threats of SBTs
07:23 Concluding remarks

Can you add achievements to your SBT without organizations? Or implement SBTs in DAOs? These are some questions about SBTs that still stand. Add yours in the comments.
Or, if you have answers, please share!

Vitalik Buterin’s paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763

#Soulbound #Soulboundtoken #daoheroes #SBT #SBTs #web3 #crypto #Buterin #web3identity #NFT #nft #VitalikButerin

source


Join Daily Airdrop

Related Articles

10 Comments

  1. One of the best episodes yet. Learned a lot! Very curious to learn more about SBBT wallets. Do we need a separate wallet system for SBTs or regular wallets can be used for SBTs?

  2. I beleave that yes SBT could be used for DAOs just we send them out rather then NFTs and have the bounded by the wallet so that they can give someone else there coating power

    but they must be burnable if they want to leave and by doing so it's given back to the Dao so that if they ever wanna join again we can be that token know who they were and allow them to come back if we wish

    But there must be a way to also take them off the person if they do something malicious to the Dao or community

  3. Thanks! When news about soulbound first came out, my conclusion was that there are no concrete examples so far, and the whole point comes down to the documents of Vitalik, which are 40 pages of popsci 😄

Back to top button