Masa has been at the forefront of developing practical use-cases for Soulbound Tokens. Their new zero-knowledge SBT token design, called zkSBT, offers secure and privacy-preserving storage of private data on any EVM blockchain. Masa’s data oracle also enables cross-chain interoperability, allowing developers to query the SBT infrastructure and data for use in their own projects.
Compared to other on-chain identity solutions such as Verifiable Credentials (VCs) and Decentralized Identifiers (DIDs), SBTs offer greater usability, interoperability, and programmable privacy, making them a more cohesive option for Web3 communities.
Masa’s vision is to bring humanity on-chain by providing builders with the tools they need to create thriving Web3 communities. With the release of their developer docs, Masa aims to empower developers to harness the full power of SBTs and the Masa Protocol.
As the true SBT multi-use case protocol for builders in Web3 to easily leverage SBT through Masa infrastructure, Masa is the identity infrastructure for developers building Web3 communities.
Interestingly, SBTs differ from NFTs in that they are used for long-term, sustainable community building and have inherent utility as non-transferrable identifiers to offer SBT-gated utilities. NFTs, on the other hand, follow short-term hype cycles, struggle to find utilities, and lack cross-chain interoperability.
Additionally, using NFTs to reward actions, loyalty, and various actions is dilutive to the value promised to the users.
Masa’s whitepaper is a critical key step towards their upcoming TGE (Token Generation Event) in 2023. The release of their whitepaper and developer docs marks an important milestone in the company’s mission to empower builders to create successful Web3 communities.
Masa is the true SBT multi-use case protocol, providing the identity infrastructure for developers building Web3 communities.
If you’re super hyped in learning more about Masa’s vision and the full potential of soulbound tokens, we highly recommend checking out their whitepaper.
You can find the whitepaper here.