Soulbound NFT Project Rh!noX Reveals New Roadmap Detailing "Soul Breeding" Mechanism
Rh!noX, a BSC-based soulbound NFT project, is looking to attempt a never-done-before NFT breeding mechanism using soulbound tokens.
Rh!noX is pushing the boundaries of the soulbound token development
Rh!noX, a BSC-based soulbound NFT collection made by GameFi development platform BinaryX, has rolled out a new roadmap detailing innovative use cases for soulbound tokens (SBT). This time, the team is pushing the limits by introducing a "soul breeding" mechanism that allows existing Rh!noX holders to breed 2nd-gen NFTs from their 1st-gen NFTs.
For a start, soulbound tokens are permanent, non-transferable NFTs that can be used to represent a holder's identity, achievements, and social status in Web3. Since all Rh!noX NFTs are SBTs in nature, holders won't be able to trade or transfer these tokens in any way.
With 10,000 Gen 1 NFT avatars in the collection, the Rh!noX ecosystem is powered by a credit rating system and a behavior analysis model. Holders stand to reap benefits according to their level of activity and milestone achievements.
Now that we know more about Rh!noX, let's take a look at its latest roadmap. Interestingly, the team is about to kick off a new "soul-breeding" mechanism, which allows holders to breed 2nd-gen NFTs from the 10,000 1st-gen NFTs. If done successfully, Rh!noX will probably become the first in history to attempt breeding soulbound tokens.
The 2nd generation NFTs will be called Baby Rh!noXs and will come with different use cases like social identity building and asset collection. Unlike its 1st-gen counterparts, it's possible for baby rhinos to be transferred to other wallets under certain conditions and mechanisms.
Of course, it remains to be seen how the exciting experiment above will pan out. Apart from the breeding mechanism, team Rh!noX is planning to launch a new social platform called RhineT, and establish cross-chain interoperability in the latter half of 2023. Furthermore, its proprietary Credit Rating System is set to go live in Q1 2023.
"These are hard times for the NFT market, but there is a silver lining - we are pushed to innovate and create a more sustainable environment for our Rh!noX holders. We look forward to introducing the new features to our holders, and we're excited to be the first platform to work towards this," said Chun, Global Head of Business Development at BinaryX.