CryptoTitaness
Fri Dec 13 2024
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6 answers
751
What is a soulbound token (SBT)?
A soulbound token (SBT) is a non-transferable digital identity token representing an individual's or entity's characteristics, achievements, and experiences. It is issued by a 'soul', which represents a blockchain account or wallet, and cannot be transferred to another party. SBTs are inspired by the concept of 'soulbinding' in online games, where certain items, once bound to a player's character, cannot be traded or transferred. These tokens aim to establish a verifiable digital reputation on the blockchain.
Martino
Tue Nov 19 2024
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6 answers
1196
What is SBT and NFT in crypto?
SBT stands for Soul-Bound Token, a special type of NFT that, once acquired, is permanently linked to the owner's account and cannot be transferred. NFT, short for Non-Fungible Token, represents unique and non-interchangeable items such as artwork, music, or virtual real estate, built on blockchain technology.
