The post Pudgy Penguins Deploys Soulbound Token with Sotheby’s appeared first on Coinpedia Fintech News
Soulbound tokens are the latest trend in the crypto arena, with many people showing interest in them. This surge in popularity has been linked to the many benefits of soulbound tokens and the fact that different projects have embraced soulbound tokens (SBTs). Soulbound tokens extend the world of possibilities created by NFTs by offering something that can be uniquely tied to an address.
SBTs are publicly verifiable and non-transferable NFTs and represent an individual’s credentials, affiliations, and commitments. This means no one can falsify SBTs. Soulbound tokens also restrict Web3 projects from becoming cash bags. As the hype around SBTs continues to grow, top NFT collection Pudgy Penguins has been at the forefront of SBT implementations and exploration, being one of the first projects to have a real use case for SBT’s.
Pudgy Penguins has made headlines , generating over 6
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