What exactly are soulbound tokens?

[martinnura]

Soulbound tokens are essentially a kind of NFTs albeit with a few crucial differences. These tokens are bound to one person or an entity and can be used to store their information, data, and records, be it in terms of employment, education, or medicine. While normal NFTs have a monetary value and can be traded on an NFT marketplace, soulbound tokens, by their very nature cannot be traded. These tokens can be used to represent medals of honor that can only belong to one person at a time as well.