NFT defi Job

What are soulbound tokens (SBTs) and how do they work?

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By creating an alternative financial system with extraordinary flexibility and innovation in less than ten years, Web3 has astounded the globe.

Economic and cryptographic primitives such as smart contracts and consensus mechanisms have helped to create an open-source system to conduct and authorize financial transactions.However, the decentralized finance (DeFi) ecosystem cannot support straightforward contracts like an apartment lease because it lacks a native Web3 identity.

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