Here Is the Next Big Thing Toward a Decentralized Society

World of Warcraft, Vitalik Buterin and a new type of token

Photo by Jane Palash on Unsplash

The game World of Warcraft ignited in Vitalik Buterin the spark to create Ethereum.

When the game developer changed the damage component of his “beloved” character, Buterin realized the “horrors centralized services can bring.”

He soon decided to quit, and the search for a new purpose in life led him first to Bitcoin and then to create Ethereum.

Now, World of Warcraft has inspired Buterin again to create another fundamental building block for a decentralized society.

A peculiarity of the game is that the most powerful items are soulbound. Once a player collects one, he cannot transfer or sell it to another player.

Based on this concept, Buterin has co-constructed a new pillar of Web3 and a decentralized society.

In a 37-page report, Buterin discussed Ethereum’s future role in a decentralized society. And in detail, he proposed a new type of token to give people more power over their digital data: Soulbound Tokens.

Like soulbound items in World of Warcraft, Soulbound Tokens are not transferable.