What Are Soulbound Tokens, and Why Are They Trending?

Soulbound Tokens (SBTs) are non-transferable tokens that represent unique personal attributes like identity, achievements, or affiliations on the blockchain. They’re trending for their use in decentralized identity, proof of reputation, and gaming applications. Token development company are leveraging SBTs to create innovative Web3 solutions, enabling secure, verifiable credentials and governance systems. Their non-transferable nature ensures authenticity, making SBTs essential for trust and transparency in decentralized ecosystems.

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