Free-to-Mint Soulbound NFT tracks Web3 work history.
Digital community platform Coordinape is rolling out CoSoul, a soulbound non-fungible token (NFT) that tracks a holder’s work history within digitally-native organizations.
The CoSoul NFT, which can be freely minted on the Ethereum layer 2 network Optimism, allows holders to collect participation data, accolades, and employment verification on the blockchain. Soulbound NFTs are non-transferable and are used to represent social identity in a decentralized society. The CoSoul NFT updates monthly with new metrics and generative artwork that changes based on a holder’s activity.
Coordinape is also placing contributions in its native token, GIVE, on the blockchain to enable decentralized autonomous organization (DAO) participants to reward other members for their participation within the community. With CoSoul, a holder’s DAO participation is recorded on the blockchain, helping publicly distinguish a member’s commitment to a project.
Zemm, the pseudonymous co-founder of Coordinape, told blockchain that while platforms like LinkedIn showcase an employee’s professional history and colleague endorsements, they may not always be truthful.
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“We believe that work history will exist on the blockchain for digital communities and digitally native organizations (like DAOs) as a record of verifiable interactions between individuals, teams, organizations, etc.,” said Zemm. “For contributors using Coordinape, this is an early implementation that we believe can contribute to the space and tell the story of someone’s work and collaborations in a more sovereign and verifiable manner than ever before.”
Coordinape, a digital platform that helps DAOs manage and distribute resources to working contributors, has been working within Web3 workplaces for the past two years to introduce new methods of decentralized payment and management. In August, Coordinape launched CoVaults, smart contracts that allow DAOs to pay their contributors with ERC-20 tokens.
Edited by Rosie Perper.