If you thought the world of non-fungible tokens (NFT) can't go crazier, then surprise! A crypto enthusiast dubbed "0xInuarashi" made the so-called "NFT-bound" which is basically a token that is distributed on its own between CyberKongz NFTs holders.
Users can't transfer or trade the KongzBound token themselves. Instead, these "magical tokens" — which are part of the untradeable On Chain Kongz collection — will automatically jump to the new owner of the CyberKongz NFT on any transfer, 0xInuarashi wrote in the project's description on OpenSea.
These tokens aren't independent even though they're 100% on-chain. They are essentially based on Kongz DNA, a special tracker in the original contract of CyberKongz. In other words, each bound token is a 1:1 replication of the original NFT, but without the same functionalities.
Now, you might be wondering, what's the point of that? Well, we don't know either but time will tell.
P.S. Since you are here... try our new game about NFTs.