Masa Finance launches soulbound Web3 identification protocol for Ethereum

Masa Finance launches soulbound Web3 identity protocol for Ethereum

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Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, in accordance with a Jan. 17 press originate shared with Cointelegraph. The protocol will enable for standardized soulbound tokens to be minted on Ethereum for Know Your Buyer verification, credit ranking rankings and other consume conditions.

Soulbound tokens are tokens that can not be transferred from one pockets to one other. The belief that changed into as soon as popularized thru a weblog publish from Vitalik Buterin, who argued that these tokens have a tendency to signify governance rights for decentralized finance (DeFi) protocols or to present that a particular person has attended an occasion.

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