Web3 is evolving — and identity is becoming the next major battleground.
When Binance launched BABT (Binance Account Bound Token), it introduced a new concept: a non-transferable NFT that proves you’ve completed KYC. Built on BNB Smart Chain, BABT acts as a digital verification badge tied permanently to your wallet.
But BABT is just one piece of a much bigger movement.
Back in 2022, Vitalik Buterin introduced the idea of Soulbound Tokens (SBTs) — non-transferable tokens designed to represent identity, credentials, and reputation on-chain. The vision? A decentralized society where your wallet becomes your resume.
Other projects are also pushing identity innovation:
• Gitcoin Passport focuses on proof-of-human scoring to prevent Sybil attacks.
• Polygon Labs ID uses zero-knowledge proofs to verify identity while preserving privacy.
So what’s the difference?
BABT represents regulated, exchange-backed identity.
#Gitcoin Passport represents community-based verification.
#Polygon ID represents privacy-first identity infrastructure.
And SBTs represent the broader decentralized vision.
The real question is:
Will Web3 identity be centralized for compliance — or decentralized for freedom?
The race is just getting started. 🚀
$BNB