Soul-bound NFTs sent to an NFTs ERC-6551 Token Bound Account are going to unlock a new round of innovation within the NFT community.

Here’s a handful of ideas I’m thinking of.

Helping teams build high performance habits.

Historical Provenance - A gallerist who features an NFT in their exhibition at Art Basel can send a historical provenance NFT to an NFTs TBA. Over time the explicit historical provenance of an NFT will be a part of the story of valuing the NFT, much like in traditional art today.

Preservation - Computer systems 800 years from now won’t know what to do with PNG files. I can download the image of an NFT of mine, run ImageMagick to convert the PNG to something else, mint a Preservation NFT containing the version of IM used, the command used, hashes of the input and output, and anyone can verify.

The user interfaces of todays marketplaces and platforms (OpenSea, SuperRare, Foundation) will soon give access to some of what is contained within an NFTs TBA vault.

... which is another great use case for a soul-bound NFT in a token bound account.

Another story is institutional support. Museum curator Tina Rivers Ryan says an “NFT is neither necessary nor sufficient for a museum acquisition.”

Museums require high resolution original art, license agreements, artist statements and the artists perspective of what the NFT means and how the work should be shown.