Curious Case of Soul-Bound Tokens 🤔
The future belongs to those who can unlearn, relearn, and continuously learn
GM friends 👋
Today we’re coming in hot. In this newsletter I’ll cover:
🧑💻 Soulbound Tokens
Why is it rapidly becoming a rising trend in the blockchain and crypto world?
❤️🩹 Care Package
Digital timeouts
🔑 Jobs in web3
Why has personal branding become the most crucial asset for the future of work?
Let’s get into it 💯
🧑💻 Soulbound Tokens (SBTs)
What are SBTs? SBTs are rapidly becoming a rising trend in the blockchain and crypto world. In plain terms, Soulbound Tokens are NFTs that are non-transferable, making them ideal for managing permanent records (versus storing documents in your safe deposit box).
But taking over paper records is only a single function of these NFTs. Because SBTs will function as a comprehensive suite of tools for online users to preserve and protect their identity.
Over the past year, it’s become common sentiment that, should SBTs be adopted as originally planned, they stand to impact our everyday lives significantly. Through SBTs, medical records, academic achievements, alumni status, employment histories, criminal records, and everything in between can be minted as an NFT with immutable and non-transferable ownership.
In this newsletter, our main purpose is to break down complex web3 topics, break-free from the world of jargon, and understand how web3 impacts our life, today! Remember, grassroots impact is key; rest of it is just talk high up in the air ;)
In that spirit, let’s look at a simple use-case of SBTs from a college student’s perspective.
Let's imagine a fictional blockchain-based application called "Scholar Tokens" 💪 designed for college students. Scholar Tokens act as soulbound tokens representing the unique connection between a student and their academic achievements.
In this scenario, our friend, Radha, is assigned a digital wallet containing her Scholar Tokens.
These tokens are earned and accumulated as Radha progresses through her academic journey, achieving milestones like completing courses, earning good grades, or participating in extracurricular activities.
Check this thread for Radha’s SBT journey and save it for when you need it next.
Good luck ☘️
Scholar Tokens demonstrates how a soul-bound token system can provide an immutable and trusted representation of a student's academic journey, offering benefits and recognition for their hard work and accomplishments.
❤️🩹 Care Package
How I’m recharging my brain: 30 minute digital timeouts
I find that with intense work, it’s easy for my brain to feel fried. I often try to take a digital break to recharge, but I’ll usually get pinged by a notification and jump back into work.
My New Strategy:
When I feel in need of a recharge, I put my phone on airplane mode, set a 30 minute timer and put it in another room. Usually during this time I’ll make tea, do laundry or go for a lap of the block.
Once the timer goes off, I feel 10x better and am ready for my next innings of work. It feels good to sprint, but output comes from being able to go at a fast pace over an extended period of time.
Taking 30 mins to recharge can be the reason why you’re able to work an extra 4 hours productively.
🔑 Jobs in web3
In this new era of the internet, personal branding has become more important than ever before. As traditional institutions and gatekeepers are replaced by decentralized networks and communities, individuals and their reputations are becoming the key drivers of success in Web3.
So, what is personal branding, and why is it so important in a Web3 business?
Personal branding is the process of creating a unique identity and reputation for yourself, based on your expertise, values, and personality.
Listen to our latest guest on the pod, Raunak Rane, talking about the three easy steps you can take starting today to create your personal brand! 🚀
Define your mission and values 🌟
Engage with your community of friends and other people building cool stuff 👥
Be authentic and transparent. Most importantly, be kind! ❤️
Share the 🎧 full podcast 🎧 with your friends who are looking for jobs and are creating a career in web3! Be kind :)
Great momentum this week. Onto another awesome week 💯
- Akshat