The first EVM-compatible Soulbound Token protocol, Masa revealed that its Base Camp Soulbound tokens Will shortly be accessible for Coinbase’s Base Layer 2 blockchain users.
Apart from this, Masa is also preparing the launch of the Base SBT Developer Toolkit for developers in the upcoming weeks.
Soulbound tokens (also known as SBTs) are non-transferrable NFTs to represent on-chain and off-chain credentials, which Ethereum’s co-founder, Vitalik Buterin, suggested in his blog last year.
According to the company, the introduction of new tokens will enable users to associate their wallet addresses with identifiable and reputational features. As a result, credit underwriting can be facilitated on the blockchain.
Masa’s Soulbound token unlocks different use cases such as human-readable domain names, membership badges with a unique identity, achievement badges, Referral Attribution, User Verification: 2FA & Captcha, Credit Underwriting for Web2 and Web3 Credit Score, and SBT Factory.
