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The CEO of Coinbase crypto exchange, Brian Armstrong, shared his idea for the web3 and crypto space, hinting at developing a decentralized LinkedIn. 
Armstrong added that companies could utilize the uniqueness of <a href="https://crypto.news/soulbound-tokens-what-are-they-and-how-do-they-work/" rel="noopener noreferrer nofollow">soul-bound</a> non-fungible tokens (NFTs). He said companies could issue non-transferrable NFTs to verify identities and employment credentials for their employees. 
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 We've gotten more than 150 applications so far! Awesome to see. One other idea (#11) I'll add into the mix: a Web3 version of LinkedIn – it would be great if companies could issue soulbound NFTs to verify employment or credentials – build a front end to explore employee and… <a href="https://t.co/edFuyouRTt" target="_blank" rel="noopener noreferrer nofollow">https://t.co/edFuyouRTt</a>— Brian Armstrong 🛡️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1699215848387596611?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 6, 2023</a> 
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The non-transferrable NFTs, called soul-bound NFTs, were first <a href="https://crypto.news/vitalik-proposes-soulbound-nfts-that-are-not-tradeable/" rel="noopener noreferrer nofollow">proposed</a> by the co-founder of Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>), Vitalik Buterin.&nbsp; 
While the user interface of most of the web3 applications lacks good visuals, the 40-year-old CEO said that a user-friendly front-end could be developed for employees and employers. 
Previously, Armstrong <a href="https://crypto.news/coinbase-ceo-outlines-10-key-areas-for-crypto-development/" rel="noopener noreferrer nofollow">shared</a> ten ideas for innovation in the crypto and blockchain space. In a tweet on Sep. 6, the Coinbase CEO claimed the company has received “more than 150 applications” so far.&nbsp; 
 You might also like: <a href="https://crypto.news/coinbase-ceo-outlines-10-key-areas-for-crypto-development/" rel="noopener noreferrer nofollow"> Coinbase CEO outlines 10 key areas for crypto development </a> 
Moreover, Armstrong said that since Coinbase doesn’t have the time to build everything in the web3 ecosystem, his ideas and venture firm could help other startups develop more projects.&nbsp; 
He added that bear markets are “the best time for building,” and many have applauded Armstrong’s ideas in his tweet. 
On Aug. 14, Coinbase <a href="https://crypto.news/coinbase-becomes-officially-available-for-canadian-citizens/" rel="noopener noreferrer nofollow">became</a> officially available for Canadian citizens, and it soon <a href="https://crypto.news/coinbase-invests-in-stablecoin-operator-circle/" rel="noopener noreferrer nofollow">announced</a> the acquisition of a small stake in Circle, the issuer of the <a href="https://crypto.news/price/usd-coin/" rel="noopener noreferrer nofollow">USDC</a> stablecoin. 
 Read more: <a href="https://crypto.news/coinbase-invests-in-stablecoin-operator-circle/" rel="noopener noreferrer nofollow"> Coinbase invests in stablecoin operator Circle </a>

Coinbase CEO hints at creating decentralized LinkedIn

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