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CoinGape

2023-01-18 10:40:46

Explained: What Are Soulbound Tokens And How Do They Work?

Explained: What Are Soulbound Tokens And How Do They Work?

What are Soulbound tokens? Soulbound tokens, also known as SBTs, are digital identity tokens that represent a person’s or an entity’s qualities, traits, and accomplishments. It advances the use of NFTs because it is built on blockchain technology. NFTs cannot be duplicated or falsified, but they can be sold or transferred. They are connected to The post Explained: What Are Soulbound Tokens And How Do They Work? appeared first on CoinGape .

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