Prism's “soulbound" $BRCK tokens are non-fungible, non-transferrable tokens unique to each user.
What is a Soulbound token?
Soulbound tokens were first proposed by Ethereum creator, Vitalik Buterin, in 2022.
Web3 has focused on transferrable, financialized assets, but there exist persistent non-transferrable relationships that underlie these transactions
“Soulbound” tokens (SBTs) represent the commitments, credentials, and affiliations of “Souls” which encode the trust networks of the real economy to establish provenance and reputation.
When applied to DAOs, SBTs enable assigning voting power voting power based on users' interactions with the community. Such a system can reward the most dedicated users with a strong reputation as oppposed to users who have amassed large stockpiles of tokens.
This system can also prevent sybil attacks
$BRCK tokens will be minted for each job completed and reviewed via Prism. This will build on-chain provenance around user’s careers focused on trust and reputation. The latter differentiates Prism’s $BRCK token from other professional soulbound token concepts, which focus on “credentialing," not on the quality of contribution. We envision that $BRCK tokens could even be minted alongside other off-platform soulbound credentialing tokens to provide a complementary qualitative/reputational data layer.
