At present, the NFT market is developing rapidly, and many users already own NFTs. These NFTs are transferable, and users can use money to buy other people's NFTs. This is of course very good: Visionaries can get it for free or at a low price in the early stage of the project, and then choose the opportunity to sell it at a high price to take profit. But if this NFT is to commemorate some unique experience, then it should be non-transferable. Vitalik advocated in a January 2022 blog that some NFTs should be soulbound and cannot be transferrable. The founders of Soulbound protocol has the same vision as vitalik, and will do their best to build a non-transferable Soulbound protocol for projects and users.
Our products will first supports ETH and layer-2 sidechains.
Soulbound Protocol has the following characteristics:
- Soulbound
- Protocol level
- Permissionless
- Public goods
- User experience
- Privacy
Soulbound NFT is not like ordinary ERC721 NFT, it cannot be transferred (but can still be burned) after being claimed. It represents the recipient's unique experiences, traits, beliefs, and long-term commitment to the project.
Soulbound is an open protocol, we will build an ecosystem around it, and encourage projects and developers to join.
Anyone can issue soulbound NFTs. Any project party or individual can issue Soulbound NFT, and the platform will not review the background of the issuer or make any endorsements.
Issuing soul-bound NFT will be free
We will build a plug-in ecosystem around Soulbound NFT to ensure that Soulbound NFT can be easily and accurately distributed to target users
We pay attention to your privacy, and will provide privacy-level Soulbound products in the future, and it will be the user's secret to have Soulbound NFT.