I am creating this post to engage the XDC community and gauge interest in the creation of an XIP specifying the addition of Soulbound Tokens as an extension to the XRC-721 token standard.
For context on Soulbound Tokens on the Ethereum Network I recommend reading Vitalik Buterin's blogpost where he introduced the idea.
For context on implementation details I recommend reading EIP-5192, which outlines how Ethereum structured their proposal.
If you believe that extending the XRC-721 standard to include support for Soulbound Tokens would be either a good or bad thing for the XDC Network please comment below. If you are passionate about Soulbound Tokens and want to champion them please consider authoring an XIP on the topic.
If you have questions on mechanics of XIP creation please ask questions either here or on Discord.