Happy Friday! We're excited to announce that we've released our SBT Litepaper. SBT stands for "Soulbound Token", tokens that cannot be transferred, and OMA3 will use the concept for governance. It's a break from the traditional fungible token governance used in DAOs and we view it as an improvement for industry collaborations. You can read about it in our blog post: https://www.oma3.org/post/oma3-soulbound-token.
To refine and implement our SBTs, we have created the new Token Working Group, led by Mohamed Ezeldin who leads Animoca Brands's tokenomics team. Jerry Lai, from the same team, will be vice chair. Meetings will kick off soon so if this is what gets you over the hump to join OMA3 now is the time.
We'll be releasing more papers in the near future, and they'll all be available on Github. We'll also be announcing cooperations with other consortiums so look out for our next newsletter.