Source: Decentralized Society: Finding Web3’s Soul The authors admit we need more experiments to grab the idea in detail. SBTs can also access off-chain communication channels, e.g., a meetup, physical conversation, or a shared secret confirmation. It means tying recovery to a broader range of IRL relationships (see below). Soulbound tokens allow for community recovery, a more robust solution than social recovery. SBT is designed more like a proof of your identity, while NFTs “are signaling wealth” and status. These can be, for example, data for prediction markets or social provenance-based and “souls”-governed plural intelligences. In DeSoc, communities and separate “souls” team up to co-produce plural network goods.
PILLARS OF ETERNITY SOULBOUND ITEMS VERIFICATION
PoH “combines social verification and video submission” to create a list of people who are proved no to be fake or bot accounts, i.e., Sybil-proof. Unless it’s some celeb’s POAP or the one providing exclusive access to a major event. Technically, they can be traded but are highly likely to be of dubious value. POAP creates ERC-721 tokens to prove it was you and not someone else who killed that dragon, i.e., visited the event. So, what if some NFTs, such as regarding certificates, licenses, academic degrees, etc., could be the same - non-transferable? It’s exactly what Vitalik Buterin was thinking about, citing a Proof of Attendance Protocol and Proof of Humanity verification system as examples. The key word here is you: there’s no way to delegate the task. These are weapons, shields, gear, and armor - usually the mightiest ones that can help you kill the dragon.
In gaming, soulbound are items joined to a particular character, i.e., they can be used only by that character. How it all started, or What NFTs and killing dragons have in common What are soulbound NFTs, how will they work, and what pros and cons have? OneArt explains the ballyhoo about SBTs and spells it out for you. In a paper published on May 11, Ethereum’s co-founder and his co-authors suggest that soulbound tokens can “encode the trust networks of the real economy to establish provenance and reputation.”
PILLARS OF ETERNITY SOULBOUND ITEMS HOW TO
Vitalik Buterin is already thinking about how to make it happen. What if you could own items on blockchain just like in World of Warcraft? Would you like them to be your property and enhance your opportunities IRL like WoW gear? Well, it will become a reality soon.