Dear subscribers, I took a pause for 2 months from writing as I needed to focus on some personal matters but I am back now again with regular posts all around Crypto, Web3, NFTs and the Metaverse 🔥 Let’s dive into an interesting topic today - Soulbound Tokens (SBTs). If you have not been living under a rock for the past 12 months, you have certainly heard of the term NFT (non-fungible token). The recent use cases of NFTs have been largely profile picture projects (commonly referred to as PFP). An NFT, in more general terms, is a unique certificate living on the blockchain and containing specific information and/or pointing to specific assets. These assets can be images such as it’s often the case for PFP NFT projects but also can be video, music, or really any digital format you can think of. Each NFT is unique in itself and transferrable and can be traded similarly to ERC20 tokens for example on platforms like Opensea or Rarible.
All you need to know about SoulBound NFTs
This is quite an interesting piece. Glad to see you back in the blog world Rizvi. Hope everything is looking up!