Cobo Collaborates With MetaMask Institutional To Launch Soulbound NFT Project
Cobo, a digital asset custodian and blockchain technology developer, announced a new Soulbound NFT initiative that brings together crypto industry titans to cater to consumers’ evolving digital identities.
Cobo, MetaMask Institutional, and Gnosis DAO collaborated to develop “Evolution,” an NFT initiative that allows users to identify themselves in digital reality and remain up to current on industry trends.
Changhao, the CTO and Co-Founder of Cobo, said in a statement:
“We are excited to launch Evolution, the first soulbound NFT with MetaMask Institutional and Gnosis Safe, to our exclusive community. With each organization having their speciality, it makes this project a compelling first step towards deepening relationships and producing future collaborations to distribute exclusive community benefits to users in the know.”
Soulbound tokens (SBTs) might have a completely different function. Instead of having a token that can be exchanged to multiple wallets, Soulbound NFTs assist users in developing a personal identity, which allows them to be acknowledged for their assets and achievements. It also allows organizations to form long-term relationships with their customers.
Evolution is a soulbound token that, along with its special utility and access, will be forever bound to the owner’s wallet address. The coin features two time-based prizes, each of which will provide a unique gift connected to MetaMask Institutional and Gnosis Safe throughout the first three days.
Owners of the NFT will also have access to an exclusive quarterly research report that includes DeFi strategies, trends, and opportunities in the market, conducted by award-winning researchers and Cobo’s security and investment team, as well as exclusive access to various in-person and online masterminds and events.
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