{"id":67863,"date":"2022-09-29T17:35:53","date_gmt":"2022-09-29T14:35:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67863"},"modified":"2025-09-07T08:53:47","modified_gmt":"2025-09-07T05:53:47","slug":"opium-protocol-adds-binance-soulbound-tokens-to-nft-avatars","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opium-protocol-adds-binance-soulbound-tokens-to-nft-avatars\/","title":{"rendered":"Opium Protocol adds Binance soulbound tokens to NFT avatars"},"content":{"rendered":"<p>The DeFi team behind Opium Protocol has added support for Binance Account Bound (BAB) tokens to NFT avatars designed for user verification.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It is amazing: Opium Cheshire cats NFTs can recognise <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> \u201cproof of identity\u201d (BAB tokens)!<br \/>\ud83d\udc31\ud83d\udc2f\ud83e\udd81<br \/>Check if your cat got yellow fur with black stripes, read this great piece, and also contribute to the standard \ud83d\udca1<a href=\"https:\/\/t.co\/0z5OjWQ2tJ\">https:\/\/t.co\/0z5OjWQ2tJ<\/a><\/p>\n<p>\u2014 Opium (@Opium_Network) <a href=\"https:\/\/twitter.com\/Opium_Network\/status\/1575170077212946432?ref_src=twsrc%5Etfw\">September 28, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In December 2021, the Opium Protocol developers introduced Cheshire Cat NFT avatars. The latter can also be used to pass KYC procedures.<\/p>\n<p>BAB \u2014 soulbound tokens launched by Binance in September 2022. Clients who completed exchange verification issue these assets on the BNB Chain network. They allow verifying credentials.<\/p>\n<p>According to the press release, BAB holder NFT avatars will receive a Binance-style colour scheme. Their owners will be able to interact with certain products to which other users do not have access. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cProjects will know that the yellow cat can belong only to someone who has completed verification on Binance. This means that this person is real and does not live in the US or another jurisdiction prohibited on the platform,\u201d according to the statement.<\/p>\n<\/blockquote>\n<p>In an interview with ForkLog, Opium Protocol founder Andrey Belyakov noted that for some projects the issue of blocking prohibited jurisdictions is a problem.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMany projects are forced to address the problem of blocking the US market in various ways. At the VPN level this has become much harder, because Apple recently introduced the Private Relay feature, which does not allow traditional geo-blocks,&#8221; he explained.<\/p>\n<\/blockquote>\n<p>Belyakov added that integrating NFT avatars with BAB will help teams that must conduct compliance. In his words, the DeFi sector cannot mature or replace the traditional financial system if it does not adhere to the simplest regulatory practices.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We see that oversight authorities can still regulate DeFi by a crude force. To prevent this from happening, the community must move to the simplest self-regulation and comply with local laws. This does not contradict innovation; simply no one can imagine a truly large alternative financial system that does not comply with the basic laws that prevent financial crimes,&#8221; \u2014 said the Opium Protocol founder.<\/p>\n<\/blockquote>\n<p>Back in June 2022, 1inch Network <a href=\"https:\/\/forklog.com\/en\/news\/1inch-network-integrates-opium-protocol-liquidity-pools\">integrated liquidity pools<\/a> of the Opium Protocol&#8217;s crypto-derivatives platform into its decentralised application.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Opium Protocol DeFi team added support for Binance Account Bound (BAB) tokens to user-verification NFT avatars.<\/p>\n","protected":false},"author":1,"featured_media":67864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1093,2070],"class_list":["post-67863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-defi","tag-opium-protocol"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=67863"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67863\/revisions"}],"predecessor-version":[{"id":67865,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67863\/revisions\/67865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/67864"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=67863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=67863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=67863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}