what's Cold Storage SBT?

The Cold Storage SBT is a Soulbound Token developed through a collaboration between Pudgy Penguins and Revoke.cash. It serves as a non-transferable digital badge awarded to holders of Pudgy Penguins NFTs who securely store their assets in cold storage—offline wallets disconnected from the internet. This initiative promotes best practices in NFT security by incentivizing users to move assets off exchanges and hot wallets, reducing risks from hacks and exploits. Soulbound Tokens (SBTs) are ERC-721-like tokens bound to a wallet address, preventing transfer or sale. The Cold Storage SBT verifies cold storage status via on-chain checks, commemorating responsible ownership within the Pudgy Penguins community. It integrates with Revoke.cash's tools for approval management and security, enhancing ecosystem trust without introducing fungible economics.

Cold Storage SBT integrates Revoke Cash; earned with no open token/NFT approvals.