As the NFT space is constantly evolving, it can be difficult to prove your Web3 career history. Now, digital community platform Coordinape has launched CoSoul to solve this problem. CoSoul is a unique, free-to-mint, soulbound NFT that records a holder’s work history and Web3 career within digitally-native organizations.
- Coordinape has launched CoSoul, a free-to-mint, soulbound NFT on the Ethereum layer 2 network Optimism. It records and updates a holder’s work history within digitally-native organizations monthly.
- Soulbound NFTs represent social identity in a decentralized society. Coordinape is integrating its native token, GIVE, on-chain to allow DAO participants to reward community involvement.
- Coordinape’s co-founder, Zemm, believes that on-chain work history will become standard for digital communities and digitally native organizations.
Web3 Careers on Chain
The CoSoul NFT, which is minted on the Ethereum layer 2 network Optimism, not only collects participation data, accolades, and employment verification on-chain. It also updates monthly with new metrics and generative artwork reflecting the holder’s activity.
Furthermore, Soulbound NFTs, being non-transferable by nature, serve a crucial role in representing social identity in a decentralized society.
Coordinape is also integrating GIVE, its native token. This enables decentralized autonomous organization (DAO) participants to reward peers for their community involvement. CoSoul places a holder’s DAO participation on-chain, publicly highlighting a member’s dedication to a project.
A New Paradigm for Digital Communities?
Zemm, Coordinape’s pseudonymous co-founder, believes that on-chain work history will become the norm for digital communities and digitally native organizations like DAOs. This approach offers a record of provable interactions between individuals, teams, and organizations, providing a more sovereign and verifiable account of someone’s work and Web3 career than ever before.
Coordinape has been a key player in the Web3 space for two years, providing assistance to DAOs in managing and distributing resources to contributors, and also introducing innovative decentralized payment and management methods. Following this trajectory, in August, Coordinape took another step forward by launching CoVaults. These smart contracts enable DAOs to remunerate their contributors using ERC-20 tokens.