Comment of the Month: October 2022

[Austin_jul]

I am nominating @BenjaminMukoro’s comments on SoulBound tokens.

Discussion Post: Are Soulbound Tokens the best way to create a trusted layer on the blockchain?

In my opinion, soul-bound tokens (SBTs) are very much akin to certification systems and have a wide range of potential use cases. SBTs and Non-fungible tokens (NFTs) may be applicable to different aspects of the same transaction. For example, in works embodying some form of intellectual property, NFTs may be used to create specific representations of a work while SBTs to attribute the origin to the creator. This concurrent use of SBTs and NFTs would conform to the distinction between use rights…