WTF is non-transferable (NT) or soul bound (SB) non-fungible tokens (NFT) and why it’s matter? Is it next big thing (NBT)?
The subj is covered by Vitalik’s blog post and paper Decentralized Society: Finding Web3’s Soul, the use case of non-transferable tokens is simple — constant record (soul bound), an owner can’t be changed, for example record of only own experience, event or achievement.
VCs vs SBTs?
It looks like soul bound tokens have more chances for mass adoption than boring verifiable credentials (VCs). Just marketing, nothing personal.
Onchain KYC NTNFT
Another use case is onchain KYC, an example kycdao.
