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Soulbound: On or off Chain? | Vitalik Buterin and Evin McMullen

Bankless

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Navigating Identity in Web3

This chapter discusses the necessity of a strong identity and reputation system within the crypto ecosystem, emphasizing the role of off-chain data in safeguarding privacy while enhancing engagement. It explores the implications of NFTs as representations of identity and the benefits of non-transferable tokens for credential verification. Additionally, the conversation addresses the ethical challenges associated with personal data on the blockchain, advocating for systems that prioritize consent and protect marginalized communities.

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