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 <p class="is-style-lead">The CEO of Coinbase crypto exchange, Brian Armstrong, shared his idea for the web3 and crypto space, hinting at developing a <a rel="noopener noreferrer nofollow" title="decentralized" href="https://thebittimes.com/tag/decentralized.html">decentralized</a> LinkedIn.</p> 
 <p>Armstrong added that companies could utilize the uniqueness of soul-bound non-fungible tokens (NFTs). He said companies could issue non-transferrable NFTs to verify identities and employment credentials for their employees.</p> 
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    <p lang="en" dir="ltr">We've gotten more than 150 applications so far! Awesome to see.<br><br>One other idea (#11) I'll add into the mix: a Web3 version of LinkedIn<br>– it would be great if companies could issue soulbound NFTs to verify employment or credentials<br>– build a front end to explore employee and… https://t.co/edFuyouRTt</p>— Brian Armstrong ️ (@brian_armstrong) September 6, 2023 
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 <p>The non-transferrable NFTs, called soul-bound NFTs, were first proposed by the co-founder of Ethereum (ETH), Vitalik Buterin.&nbsp;</p> 
 <p>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.</p> 
 <p>Previously, Armstrong shared 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;</p> 
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 <p>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;</p> 
 <p>He added that bear markets are “the best time for building,” and many have applauded Armstrong’s ideas in his tweet.</p> 
 <p>On Aug. 14, Coinbase became officially available for Canadian citizens, and it soon announced the acquisition of a small stake in Circle, the issuer of the USDC stablecoin.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Coinbase invests in stablecoin operator Circle 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-ceo-hints-at-creating-decentralized-linkedin-tbt61715.html">https://thebittimes.com/coinbase-ceo-hints-at-creating-decentralized-linkedin-tbt61715.html</a></p>

Coinbase CEO hints at creating decentralized LinkedIn

TheBitTimes

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