Overview
Soulbound refers to non-transferable tokens bound to an account, representing identity or credentials. They cannot be sold or transferred. Soulbound tokens support reputation and verification.
How It Works
Issuers mint soulbound tokens directly to an account, and they remain there permanently. Their non-transferability makes them useful for credentials and reputation. Enforcement is partly social.
Why It Matters
Soulbound tokens enable on-chain identity, credentials, and reputation without market distortion. They are foundational to decentralized identity. Their design challenges include revocation and privacy.
Related Concepts
Soulbound relates to Identity, Reputation Systems, and Verifiable Credentials. It is a foundation of Web3 identity.