Time to switch from LinkedIn to MetaMask? Not yet, but soon – Cointelegraph

The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they will offer even more functionality by enabling digital curriculum vitae (CVs).In a May 2022 paper, Ethereum co-founder Vitalik Buterin and others introduced the concept of “Soulbound tokens” (SBTs). Buterin and his co-authors argued that credentials on a blockchain offer many advantages to establishing provenance and reputation.Nonfungible tokens will serve as essential building blocksRelated: Facebook and Twitter will soon be obsolete thanks to blockchain technologySBTs are like PoAPs, but they are non-transferable and, therefore, bound to a wallet. That’s because people should not be able to buy credentials that do not represent their own accomplishments. Thus, those tokens should not have a direct monetary value. Binance announced in September that it would introduce the Binance Account Bound (BAB) token as proof of identity for Binance users. Increasing the utility of DeFi lendingAnother interesting project is the Lens Protocol, which was built by the Aave team. Lens is a composable and decentralized social graph that allows the hosting of various social media applications. Users…
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