So today in this blog we are going to learn about the soul bound token . Before starting this blog i would suggest u to learn about the NFT that is Non - fungible token .
There are various things in the sbt that we can not do in the NFT . Like you can not put your Pan card , adhar card , driving license as the NFT . so to put all these as the nft the SBT comes in the action .What if these important documents could be represented by NFTs and at the same, be attached to you for life. Hence, get ready to enter the nextgen solution in the crypto space - the soulbound tokens.
The SBT is introduced by the Ethereum co-founder Vitalik Buterin recently co-wrote nearly a 40-page paper explaining how Ethereum's future will now revolve around an ecosystem called a Decentralized Society. And the main aspect of this theoretical future is soulbound tokens. All that you need to know about this futuristic technology.
SBTs are also non-fungible tokens (NFTs) that a person can earn based in part on their job and education history. Unlike regular NFTs, they're non-transferable (though people can revoke them if they choose.) SBTs would represent a person's reputation and accomplishments, a kind of "extended resume".
Advantages of the SBT