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In January 2022, Vitalik Buterin, the proponent of the Ethereum blockchain infrastructure, introduced the idea of a non-transferable NFT (Non-Fungible Token) in his blog post “Soulbound”. Non-Fungible Token (NFT)]. In the same article, he suggested that current NFTs are tradable and represent the “wealth” of their owners, and suggested the value and potential that non-transferable NFTs could represent.
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In May of the same year, Eric Glen Weyl 1 and Puja Ohlhaver, along with Buterin, presented a paper entitled “Decentralized Society: Finding Web3 s Soul,” discussing the characteristics, social implications, and use cases of non-transferable Soulbound Tokens (SBTs).
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This paper presents an overview of the “[Soulbound Tokens (SBTs) Study Report Part 1: Building and Embracing a New Social Identity Layer? Building and Embracing a New Social Identity Layer?
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