“In the last few months, the concept of soulbound tokens was attracting more and more interest as the community quickly started to understand the potential benefits that the new standard may bring to the table. Initially coined by Vitalik Buterin in his blog post, the term quickly picked up in the crypto-themed media and has been gaining popularity ever since. However, we are yet to see the broad adoption of SBTs, as there is only a handful of attention-worthy projects implementing the vision shared by many across the industry. While the new ERC token standard describing SBTs is currently still in the works, we believe that the Ethereum developer community already has the understanding and ideas required to start building soulbound token projects.”