With all the hype around SBT, can some one ELI5 to me what’s the difference between an SBT and an NFT with its transfer and transferFrom removed or restricted to owner of contract, ie, issuer?
I can’t wrap my head around the differences. If I didn’t want anyone to be able to transfer, I could always just restrict the transfer function and now it’s bound to an account I have minted a token to.
Revocation is simply contract owner burning and minting the same token to another address. And that’s it, right?
I might be too naive about SBT and it’s potential prowess so different from the existing NFT. Can someone enlighten me on this?
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