On the dilemma faced by non transferable reputation points NFT SBTS

Earlier this year ,V God passed his article ” Soul binding “ The article created NFT New era . This leads to the NFT This " new " In the field of --Soulbound Tokens（SBTs） Many experiments of . Although some of them have received attention , But most of them haven't . Before we go deep into SBT Before the current situation , Let's take a quick look at what it is and the vision it brings .

In short ,SBTs Is non transferable NFTs, Can represent many things . The fact that they are not transferable enables them to become credible reputation data , Including work certificate 、 Skill certificates, etc .

Such passage SBTs The ecosystem's ability to establish identity is Web3 Opened up new possibilities . for example , This can pave the way for governance , Beyond token voting 、DeFi Unsecured loan certificate in , And guard against Sybil The way to attack .

POAPs

although " Soul binding " The word was not coined until earlier this year , But since the 2019 Since its emergence in ,POAP It's essentially SBT A version of . In all focus on rarity and price speculation NFT in ,POAPs Took a completely different approach , It represents your participation in an entity or virtual activity .

As soon as the idea is put forward , Has gained great attention . stay Gnosis Chain（ also called xDAI） On , since 2020 year 10 Since the month , There has been more than 500 m POAPs Cast . Even in the bear market of the past few months ,POAPs The casting demand of is still stable .

although POAP It doesn't show much information , But it's for others in the future SBT Laid the foundation .

Project Galaxy

so far ,Project Galaxy yes SBT One of the largest players in the field , It has been cast for nearly 100 m "OATs"（ amount to Project Galaxy Of SBTs）, They have successfully established communities and obtained ”OATs“.

There are many behaviors that can be obtained OAT, Include " Participate in AMA"、" stay Twitter Follow an account on " And the latest "Arbitrum Odyssey" etc. , All inspire users to participate in the completion . project 、DAO And companies have found this tool very useful , Therefore, Project Galaxy Co issue "OATs".

RabbitHole

Also known as rabbit hole . stay SBT Among the participants in the field ,RabbitHole Have positioned themselves as some " Proof of skill " Pioneers of categories . They are an educational platform , By guiding users in Web3 Complete a series of chain actions in specific fields . An example is their "DeFi Introduce " guide , This includes actions on the chain , If in Lido Bet on ETH, stay Aave The provision of stETH As collateral , And in Uniswap Provide liquidity on . After completing these chain actions , Users will be eligible to cast one "RabbitHole certificate ", It means that you have learned some skills in this specific field .

so far , since 2022 year 5 Since launch in , A total of 35,035 A certificate , Have 17,058 A unique address .

Noox World

Among all the participants at present ,Noox World Probably the most direct way to distribute SBT.Noox On each SBT Are obtained through specific behaviors on the chain . for example , stay Uniswap Up exchange 10 More than times will enable you to cast "Uniswap Uncommon Swapper " badge .

since 2022 year 5 Month begins , from 4,250 A unique address cast about 20,000 A badge . It's worth noting that , All of the above SBT They are all made for free , but Noox For every badge 0.002 individual ETH Casting cost , This makes the team accumulate about 40 individual ETH.

Interestingly ,Noox Badge Mint Most of them happen in 5 month , This is probably due to Vitalik Caused by the article SBTs The hype . From then on , Yes Noox The demand for badges has slowed .

DeQuest

DeQuest stay SBT The field is relatively small , Focus on games . And RabbitHole similar ,DeQuest With " Mission " As a feature , Guide users to learn and explore various games . In their " Mission " In category , There have been nearly 5 Thousands of badges were cast .

The value proposition of users and games is quite clear . By doing these " Mission ", Users can get SBT, Sometimes you can also get monetary rewards . For games , This can be used as a mechanism , adopt DeQuest Our community guides their user base .

view

At this stage , We can see clearly that ,SBT The field is still in its early stage , Various projects are trying different methods . Although some projects have received a lot of attention , But most projects face a similar problem -- Lack of demand .

in my opinion ,POAP It is the only project to find products and market degrees . although Project Galaxy Good at attracting users and projects , But this is mainly due to their BD Strive , Not organic demand .RabbitHole、Noox World and DeQuest After the launch , Demand has basically declined .

This leads to a problem , If SBT Is the next big narrative , Why didn't they take off ？ It's simple , Today's SBTs Not in the future SBTs.

As you can see , Today's SBTs Mainly as a participation tool ：

• " To participate in AMA "

• " Participate in X Cross chain bridge "

• " stay Uniswap on X Secondary exchange "

these SBTs Finally, I didn't tell you more about a user , Their explanations are relatively few , And often meaningless . It means personal 、DAO And companies want to find out about holding these SBT User information for , Often find nothing , This leads to SBT Does not provide any value to the holder .

This makes SBT The field is in trouble , In order to let users collect carefully SBT, They need to get value from it . But in order to make individuals 、DAO And the company started for SBTs Provide value , Need a meaningful SBTs Ecosystems and users are willing to collect it .

This is a typical " Chicken and egg " problem , Before this problem is solved , In my submission SBTs It is impossible to take the next step .