Soulbound tokens (SBT) are non-transferable tokens that represent a person's identity using blockchain technology. This identity can include medical records, work history, and any type of information that makes up an individual or entity. The wallet that holds or issues these records is called a 'Soul.'

Individuals can have multiple wallets (or Souls) representing different aspects of their lives. For example, someone might have a 'Credential Soul' for their work history and a 'Medical Soul' for health records. These Souls and SBTs will allow people to build a digital reputation on Web3, verifiable based on their past actions and experiences.

On the flip side, a Soul can represent an entity that allocates SBTs. For example, companies can be Souls, issuing SBTs to each employee. A digital national club could release SBTs to verify membership.

The logic behind soulbound comes from the popular online game World of Warcraft.

Players cannot sell or transfer soulbound items. Once picked up, soulbound items are forever 'bound' to the player's 'soul'.

Now, imagine this idea but applied to non-fungible tokens (NFTs). Nowadays, most NFTs are viewed as certificates of ownership for digital artworks or collectibles, like the Bored Ape Yacht Club. People buy, trade, or flaunt NFTs as a status symbol and a sign of wealth.

The purpose of SBT is to turn the NFT concept into something beyond money that people can show off, a token that is both unique and non-transferable. While NFTs represent assets and real estate, an SBT represents the reputation of an individual or organization. And unlike NFTs, SBTs hold no monetary value and cannot be traded once minted into someone's wallet.

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