@gwendolynare
How do soulbound NFTs (SBTs) differ from regular NFTs?
Soulbound NFTs (SBTs) are non-transferable NFTs tied to a specific user’s identity. Unlike regular NFTs, which can be sold or traded, SBTs remain permanently linked to the original owner. They are used for credentials, achievements, and personal records, such as diplomas, certifications, or medical records. Ethereum co-founder Vitalik Buterin proposed SBTs to create decentralized reputation systems. While they enhance security and authenticity, challenges include privacy concerns and loss recovery if a wallet is compromised. As Web3 evolves, SBTs may redefine digital identity and trust systems.
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