Can a ‘digital soul’ be achieved through Soulbound tokens

Digital identification seems to be growing in importance with regard to current virtual landscape. From what it’s understood, Soulbound Tokens (SBTs), which refer to non-fungible tokens (NFTs) which preserve digital identities, have gradually become vital for the decentralised society. Since they’re non-transferable, these tokens can provide safety of an individual’s digital traits from external factors.

“I believe SBTs, unlike traditional NFTs, possess a characteristic: they are non-transferable and bound to the user’s crypto wallet. In essence, they establish a connection between the token and its owner,” Rajagopal Menon, vice-president, WazirX, a cryptocurrency exchange, told FE Blockchain.