NFT REVIEW NEWS A Company Says It’s Created Soulbound Tokens

A world with Soulbound Tokens (SBTs) may not be so far off after all. In a recent announcement from Web3 development platform Idexo, the company stated that it recently added SBTs into its Software Development Kit (SDK). Effectively, this would grant any and all developers using the platform the ability to create SBTs, as well as the option to host these reputation tokens on several different blockchains, with more options currently in the works.

So far, developers will be able to create SBTs on Avalanche, BNBChain, Fantom, Polygon, and (of course) Ethereum. The best part? Idexo says it is prioritizing ease of use when it comes to creating SBTs. That means developers will be able to create SBTs using just a single line of code.

The company is also giving non-coders the tools to create SBTs via their web app, which will reportedly entail just “a few clicks,” according to the press release.

Building the future of Web3

By focusing on accessibility, Idexo hopes that SBTs created under their platform will stay true to Ethereum-founder Vitalik Buterin’s vision for the token, as outlined in the project’s white paper.

By making the development of SBTs more accessible, Idexo hopes to help build the foundations of the decentralized society (DeSoc) outlined in the SBT whitepaper, via the building of “persistent, non-transferable community relationships,” in addition to the establishment of “provenance and reputation” for actors in the Web3 space via the use of this token.

Idexo has long been working to help roll out SBTs to the wider Web3 public, according to a statement from Idexo CEO and CTO Greg Marlin. “Idexo actually launched its first Soulbound Token in April 2021 with the launch of its Idexo Early Adopters NFT collection on what was then Binance Smart Chain,” he said. “With the growing interest in SBTs we are happy to make this technology readily accessible to anyone looking to build great applications and communities with it.”

We reached out to Marlin for more information on Idexo’s SBT initiatives. As of writing, Marlin has not yet responded with nft now’s request for comment, but this article will be updated as soon as new information becomes available.

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