As we’ve covered in our earlier episode, NFTs are nothing but digital files (mp3, mp4, jpegs, etc.) that live on a blockchain and are unique in nature. And being on a blockchain, they inherit all the benefits of smart contracts such as programmability, provenance, security, etc.
However, what all NFTs are, is transferable. That means, there is no restriction on your ability to send/receive an NFT to/from someone else. While this is a feature, the antithesis of the feature – the inability to transfer/receive – comes with its own set of advantages.
Enter Soulbounds.
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None of this is financial advice. This channel is only educational and none of the material we present should be construed as investment advice. DYOR!
Soulbounds