How Soulbound Tokens Work: The Complete Guide to Non-Transferable NFTs

The idea that NFTs must always be sellable misses something fundamental about digital ownership. When Vitalik Buterin proposed Soulbound Tokens in January 2022, he wasn’t just inventing a new token standard—he was challenging the assumption that liquidity equals value. SBTs represent a reorientation toward digital assets bound permanently to a specific wallet, incapable of being…