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What are soulbound tokens (SBTs) and the way do they paintings?

By way of growing another monetary gadget with abnormal flexibility and innovation in not up to ten years, Web3 has astounded the globe. Financial and cryptographic primitives similar to good contracts and consensus mechanisms have helped to create an open-source gadget to behavior and authorize monetary transactions.

Alternatively, the decentralized finance (DeFi) ecosystem can’t beef

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