What’s the Binance Account Bound (BAB) Token?

The cryptocurrency exchange Binance launched its first-ever soulbound token on the BNB Chain on the 8th of September, 2022. It goes by Binance Account Bound (BAB).   Soulbound tokens are non-transferable NFTs; as such, they’re unique and permanently attached to their owners.

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Soulbound Tokens: Non-transferable NFTs

On 17 December 2021, Adidas organized a virtual event to announce its metaverse launch. The sportswear brand rewarded its fans with a POAP (proof of attendance protocol). The post Soulbound Tokens: Non-transferable NFTs appeared first on NFT News Today.

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Crypto Exchange Binance to Issue 'Soulbound' Tokens to Users Who Complete Know-Your-Customer Checks

Cryptocurrency exchange Binance has plans to issue all users that have completed KYC witha soulbound token on the BNB chain, according to an official announcement.

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Binance uses Soulbound Tokens to offer decentralized KYC of wallets

Binance launched BAB, a Soulbound Token on the BNB Chain, as a decentralized solution to the KYC requirements for the exchange. The post Binance uses Soulbound Tokens to offer decentralized KYC of wallets appeared first on CryptoSlate.

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Soulbound Tokens and Decentralized Society: An Interview with Glen Weyl

Crypto Briefing recently spoke with economist Glen Weyl, the lead author of Decentralized Society: Finding Web3s Soul, a surprise hit that quickly became one of the Social Science Research Networks...

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Soulbound Tokens and Decentralized Society: An Interview With Glen Weyl

Crypto Briefing recently spoke with economist Glen Weyl, the lead author of Decentralized Society: Finding Web3s Soul, a surprise hit that quickly became one of the Social Science Research Networks...

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Soulbound Tokens: Social credit system or spark for global adoption?

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Ethereum's Decentralization After Merge Could Be in Danger as Cardano Remains Mostly Community-Owned

Ethereum may lose large part of its decentralization with upcoming Merge and associated updates like PBS and Soulbound tokens

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What Happens When You Die in the Metaverse?

Ethereum’s founder proposed “soulbound tokens” to give digital identity value. Is there a price to be paid?

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Vitalik Buterin proposes ‘soulbound’ NFTs for path to decentralized society

Vitalik Buterin recently co-wrote a research paper titled “Decentralized Society: Finding Web3’s Soul,” where he proposed the concept of “Soulbound” tokens (SBTs) and argued that they will form the foundations of the Web3 decentralized future.

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Vitalik Buterin Presents Future of Ethereum and NFTs: Introducing Soulbound Tokens

Creator of the second-biggest cryptocurrency and ecosystem on the market believes that the future of Ethereum is in the identity of the person on the blockchain

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Soulbound Tokens Could Make NFT Ecosystem ‘Collaborative and Fun’, Says Ethereum Co-Founder

The non-fungible token (NFT) ecosystem has seen an immense rise in value, thanks to the uniqueness of the pieces. But according to Vitalik Buterin who is one of the co-founders of Ethereum, the transferability of the tokens should be removed in some cases to make the Web 3.

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Vitalik Buterin Suggests Making NFTs "Soulbound," Here's What It Means

Ethereum creator suggests a new way of using non-fungible tokens, here's what it is

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