What are Soulbound tokens?

Today, we’re going to talk about a unique type of NFT, the Soulbound token (SBT), which is issued only once and is permanently bound to a single blockchain address.

An SBT token cannot be transferred or sent to another blockchain address, and only the owner of the address has access to it.

The non-transferable token is a prime representative of Web3 technologies. Although there are few real-world examples of SBT use cases, it could theoretically become a popular means for its owner to verify identity and other data.

For now, we can muse about its potential use cases: SBTs can be used as name certificates, passports, diplomas, ownership confirmation, various types of identity verification, and even for credit (for example, your entire credit history can be stored in a single SBT that will never leave your address).

📈Crypto_Ocean

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😁 Trump's family made $320 million on TRUMP shield despite its 87% decline since launch - Chainalysis data.

The Trump family's total capital gains from crypto is $2.9 billion, of which 40% is held in cryptocurrency.

📈Crypto_Ocean

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💰 Public miners sold off up to 70% of BTC mining in April - the highest since October 2024

🖤With the increasing difficulty of mining and decreasing profitability, even with the price of BTC above $100,000, large mining companies started actively selling off BTC.

🖤Riot and CleanSpark abandoned their HODL strategy and realized most of their mining, while MARA, Cango and BitFuFu kept all of April's volume.

📈Crypto_Ocean

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Authentic PIFFS Disposables

Candy edition 🍭



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PIFF LIVE resin disposables

100 for $1,300

500 for $5,750

1,000 for $10,500

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Authentic Crumpets Disposables  


100 for $1,300

500 for $6,000

1,000 for $11,000

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Every bitcoiner at the next family gathering:

Follow: t.me/orangepillvideos

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Headstash BALLER BOX


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https://vxtwitter.com/naiivememe/status/1920773870576951327

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@Bitcoin_Crypto_Memes

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