An SBT (Soulbound Token) is a unique, non-transferable token on the TON blockchain. Once linked to a wallet, it cannot be transferred or sold, ensuring it remains tied to the original owner.
Why are SBTs needed?
They serve various purposes, including:
- Displaying wallet achievements.
- Identity verification (KYC).
- Providing subscription ownership.
- Enabling exclusive access to specific events or privileges.
How does it work?
SBTs are based on a standard where an NFT has a single owner and no transferability. This opens new opportunities for users, artists, and developers within the TON ecosystem.