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Soul Bound Tokens (SBTs) are one of the latest innovative developments in the NFT world. SBTs are a special type of non-fungible token (NFT) that can have only one owner and cannot be transferred or sold to anyone else. They often act as a form of digital ID and demonstrate your unique qualities or interests. An Arbitrum Nova–based project launched in mid-January 2024, Soul Society (HON) has now taken the SBT concept to an entirely new level by allowing users to enhance and evolve their SBT tokens.
Soul Society is a gamified digital life platform on which your interests and achievements can be demonstrated and improved via SBT ownership. This unique concept will likely attract the interest of many gamers who are interested in the virtual living genre.
Key Takeaways:
Soul Society is a decentralized gaming app that offers a virtual life environment in which you collect and enhance SBTs that reflect your digital activities and interests.
Its SBT assets, called growth-type SBTs, are unique in that you can further enhance and upgrade them from their original versions.
Soul Society uses Arbitrum Nova, a Layer 2 technology solution, to achieve cost and speed efficiencies.