ConsenSys introduces new experiment for sharing goods and wishes

ConsenSys introduces new experiment for sharing goods and wishes

ConsenSys has announced an innovation dubbed Soulflake xyz. The creation will enable users to share good wishes, gratitude, gifts, and love during this holiday season.

Unveiling of Soulflake xyz for users

ConsenSys has reported the unveiling of Soulflake xyz, an experimental Web3 society utility developed at its labs. It allows clients to participate actively in the blockchain ecosystem as they share gratitude, good wishes, love, and gifts during the festive season.

ConsenSys tweeted about the announcement:

ConsenSys is a renowned Ethereum software developer. They enable businesses and individuals worldwide to create upcoming applications, initiate current banking infrastructure, and connect with the decentralized web.

Soulflake dApp permits users to create Soulbound NFT

Soulflake is a Web3 societal value being tested on the Polygon network. The dApp makes it simple for Web3 customers to create and send Soulbound NFT holiday cards with compositional on-chain designs and $MATIC tokens as gifts to their loved ones or friends. 

The project is a result of the ConsenSys Innovation Lab’s commitment to investigating novel ideas and developing experimentations in pushing the limits of Web3.

Non-fungible tokens (NFTs) like Soulbound (SBTs) can only be issued to and held by a single wallet because they are non-transferable and non-tradable. Due to their distinctiveness and specialness, they can depict and handle Web3 social relationships and identities in a provable and individualized manner, free from the dangers of centralization or the allure of price speculation.

ConsenSys said:

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Wayne Jones

Wayne is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.