SoulBound Tokens

This section explores SoulBound Tokens (SBTs) in CIS-2, their unique properties, applications, and how Concordium's Web3 ID enhances their functionality for secure and private online ID management.

A Soul Bound Token (SBT) is a special type of NFT that is publicly verifiable and represents an individual's credentials and affiliations.

For instance, let's say you have an online identity that seamlessly carries proof of your achievements, affiliations, and even physical asset ownership - that's the power of SoulBound Tokens (SBTs). In the CIS-2 ecosystem, SBTs act as unique, non-transferable tokens representing who you are and what you've accomplished. Think of them as digital badges you can't trade or lose, forever linked to your online persona.

What Makes SBTs Unique?

• Non-transferrable: Unlike regular NFTs, you can't sell or give away your SBTs. They stay firmly attached to your Concordium Web3 ID, showcasing your genuine connection to that specific accomplishment or affiliation.

• Publicly verifiable: Anyone can verify the authenticity of your SBTs, enhancing trust and transparency in your online transactions.

• Versatile applications: From representing the authenticity of furniture to showcasing your eSports prowess or holding a prestigious university diploma, SBTs adapt to various use cases.

Note: Concordium Web3 ID goes beyond simply storing SBTs. It integrates them semalessly with its Zero-Knowledge Proof (ZKP) technology. This allows you to share specific information from your SBTs without revealing everything, protecting your privacy while demonstrating relevant credentials.