Unchained How Soulbound Tokens Could Reduce Speculation and Improve DAO Voting - Ep. 360
4 snips
Jun 7, 2022 
Glenn Weyl, founder of the RadicalxChange Foundation and political economist at Microsoft, teams up with Pooja Ohlhaver, a strategist at Flashbots. They dive into soulbound tokens, revealing how these non-transferable NFTs could reshape decentralized identity and improve DAO governance. The conversation explores the balance between community participation and individual roles within decentralized networks. They also discuss the potential for soulbound tokens in establishing trust for under-collateralized lending while addressing security challenges in the Web3 ecosystem.
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Interconnected Identity
- Individuals are defined by their communities, and communities are defined by their members.
- This interconnectedness, inspired by sociologist Georg Simmel, forms the basis of a networked society.
The Meaning of "Soulbound"
- "Soulbound tokens" emphasizes the precious, non-financializable nature of identity, like a soul.
- The term aims to be metaphorical and evocative, not a technical specification.
NFTs for Provenance, Not Speculation
- Organizations want NFTs for provenance but dislike speculation.
- Soulbound tokens, being non-transferable, offer a solution.
