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What are Soulbound Tokens? What unique advantages do they deliver that wasn't possible before? How they enable a new wave of decentralised finance that is much closer to the philosophy and ideals of the Founders of the crypto industry Soulbound Tokens (SBT) is a concept proposed in May 2022 by Ethereum cofounder Vitalik Buterin, lawyer Puja Ohlhaver, and E. Glen Weyl, an economist and social technologist. As they say, “These tokens are designed to represent part of a person’s identity in a decentralized digital world.“ Soulbound tokens (SBTs) are non-transferable tokens representing a person’s identity (any personal info) using blockchain technology. The wallets that hold or issue these records are called “Souls.” SBTs aim to turn the NFT concept into something beyond money and bragging rights, a token that is both one-of-a-kind and non-transferable. While NFTs represent assets and property, an SBT represents a person or entity’s reputation. And unlike an NFT, SBTs hold zero monet
