Soulbound Tokens (SBTs) Should Be Signed Claims
June 06, 2022Glen Weyl, Puja Ohlhaver, and Vitalik Buterin argue that we should create non-transferable, initially public, “soulbound” tokens to represent commitments, credentials, and affiliations. This is a bad idea. Instead, we should make off-chain statements digitally signed with Ethereum private keys.