To stay a bit in the Web3 space. Back in 2014, Vitalik Buterin wrote a defining blog
on Distributed Autonomous Organisations, one of the core components of Web3 technologies. This year he is one of the authors of a reflective paper on the state of a decentralized society: Decentralized Society: Finding Web3’s Soul.
Judge for yourself if it is ‘saving’ the Web3 movement from the investment angle…
In this paper, we illustrate how non-transferable “soulbound” tokens (SBTs) representing the commitments, credentials, and affiliations of “Souls” can encode the trust networks of the real economy to establish provenance and reputation. More importantly, SBTs enable other applications of increasing ambition, such as community wallet recovery, sybil-resistant governance, mechanisms for decentralization, and novel markets with decomposable, shared rights.