What is the future of Ethereum?
Last week, Vitalik Buterin co-published a paper predicting Ethereum's future.
I read the 37-page paper and interviewed its co-authors so you didn't have to.
[🧵 THREAD]
Last week, Vitalik Buterin co-published a paper predicting Ethereum's future.
I read the 37-page paper and interviewed its co-authors so you didn't have to.
[🧵 THREAD]
The future according to @VitalikButerin revolves around soulbound tokens (SBTs).
SBTs are NFTs that can't be transferred after they are received.
Once you receive an SBT, you hold it in a Soul wallet forever.
SBTs are NFTs that can't be transferred after they are received.
Once you receive an SBT, you hold it in a Soul wallet forever.
I interviewed paper co-author @glenweyl.
He predicts that SBTs will be available for early uses by the end of 2022.
He also said, "I suspect the 2024 up cycle will focus on them."
But, wait - what's the point of NFTs that can never be transferred?
Here's 3 use cases.
He predicts that SBTs will be available for early uses by the end of 2022.
He also said, "I suspect the 2024 up cycle will focus on them."
But, wait - what's the point of NFTs that can never be transferred?
Here's 3 use cases.
Use case 1: Universities could give SBT degrees to their graduates.
If universities gave NFT degrees now, graduates could sell them to anyone online.
But if a graduates receives an SBT degree, he would not be able to transfer or sell it.
If universities gave NFT degrees now, graduates could sell them to anyone online.
But if a graduates receives an SBT degree, he would not be able to transfer or sell it.
Use case 2: A company is trying to hire people who went to Conference X.
Because Conference X gave out SBT badges to its attendees, no one can buy a badge on an open market.
The company could then filter candidates for verified attendees of Conference X.
Because Conference X gave out SBT badges to its attendees, no one can buy a badge on an open market.
The company could then filter candidates for verified attendees of Conference X.
Use case 3: A DAO wants to build a community of environmentalists.
The DAO can airdrop SBTs to attendees of environmental conferences and graduates of environmental programs.
@vitalikbuterin calls this a "souldrop".
The DAO can airdrop SBTs to attendees of environmental conferences and graduates of environmental programs.
@vitalikbuterin calls this a "souldrop".
Vitalik and his team call this world a "Decentralized Society".
I believe this is the future of web3 and the broader online world.
With scammers and fakers galore, having real on-chain credentials is key.
I believe this is the future of web3 and the broader online world.
With scammers and fakers galore, having real on-chain credentials is key.
If you enjoyed this thread, I'd really appreciate if you could follow me @iamjasonlevin and retweet the first tweet.
https://twitter.com/iamjasonlevin/status/1527316022457356301?s=20&t=rRtUyUzDfbIyLCO3L1LoDQ
If you like learning about internet-native patterns, you should check out my newsletter.
I've written about decentralized friendships, digital immortality, and anon accounts.
brainblasts.substack.com/p/fck-you-time…
I've written about decentralized friendships, digital immortality, and anon accounts.
brainblasts.substack.com/p/fck-you-time…
I also wrote a thread based on a research paper done on the most profitable NFT collectors.
3 professors studied 692 collections and 300,000+ unique wallets.
They found 6 tricks the experts knew, but I didn't.
3 professors studied 692 collections and 300,000+ unique wallets.
They found 6 tricks the experts knew, but I didn't.
https://twitter.com/iamjasonlevin/status/1516769004727250946?s=20&t=jrpjiUdTJZATp2Z0MZm2pA
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