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Soulbound is a puzzle game with arcade and adventure elements that rewards players with items for completing certain quests or when killing unique bosses.
In addition, Soulbound is a property of an item that makes it not subject to exchange by mail or auction. Usually this quality increases the value of the item in the secondary market, and since they cannot be sold or transferred, sometimes users sell their account to make money on one item.
Speaking about blockchain technology and web3, Buterin noted that Soulbound tokens could change the industry. They should be presented in the form of non-transferable tokens revoked by the issuer, and can be used to indicate adherence to real events and projects.
The next concept presented by Buterin was “Souls,” which are essentially accounts or wallets on the blockchain that contain Soulbound tokens and form a Web3 identity.
By implementing them, blockchain-based ecosystems will gain numerous benefits in creating market standards, measuring decentralization, compensating for strategic behavior, and in many other areas.
However, the main purpose of Soulbound tokens is to create a personality and representation of the user by endowing him/her with unique traits that no one else has.
#Vitalik #Buterin #sees #future #Ethereum #NFT #Soulbound