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Unlike Non-Fungible tokens such as the ERC721, The Soulbound T | Theos.fi Announcements

Unlike Non-Fungible tokens such as the ERC721, The Soulbound Tokens are designed to be untradable.
“For example, a person might have a Soul that stores SBTs representing educational credentials, employment history, or hashes of their writings or works of art,” the paper says.

According to Vitalik’s document, an individual would gain SBTs from other Souls within the decentralized society. A university, for example, might issue SBTs to its alumni to verify that they have graduated from that school.

In fact, SBTs aren’t really going to replace NFTs. The two digital assets, theoretically, serve different functions. While an NFT is designed to be tradable and act as a financial asset, an SBT, Buterin suggests, is supposed to serve as a proof of character, rather than a proof of wealth.

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