MetaMask Institutional, Cobo and Gnosis DAO team up for soulbound token project
A new soulbound NFT project from Cobo, MetaMask Institutional and Gnosis Safe is bringing new nonfungible exclusivity and proof of identity to users. Soulbound token s (SBTs) are becoming a mainstay in the Web3 space for users and project s to define themselves in digital reality. A Dec. 13 announcement from Cobo, a digital asset custodian and blockchain technology developer, revealed a new SBT project which unites crypto industry giants to cater to users’ developing digital identities. Cobo, MetaMask Institutional and Gnosis DAO teamed up to create “Evolution,” an SBT project , a tool to help users define themselves in digital reality and stay up to date on industry trends. A spokesperson for Cobo told Cointelegraph that since SBTs cannot be sold on the market, it helps create a bridge between Web2 and Web3 surrounding user identity. “This provides assurance to the token provider and allows them to give exclusive access and benefits to their targeted users by giving them an ident...