ForbesWeb3 to Announce First Legacy Pass Mint Date, Accepting ETH and PayPal Payments

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The highly anticipated launch of the ForbesWeb3 Legacy Pass is drawing closer, with the organization confirming that whitelist notifications for the first round of minting have been sent out. The official mint date will be revealed soon, marking a pivotal moment in the convergence of traditional media prestige and Web3 innovation.

ForbesWeb3 — the blockchain-powered community arm of the iconic Forbes brand — is preparing to roll out its exclusive Legacy Pass, a soulbound token (SBT) designed to grant holders privileged access to an elite network for creators, entrepreneurs, and thought leaders. This initiative represents a bold step toward redefining digital membership and community engagement in the decentralized era.

👉 Discover how Web3 is transforming exclusive memberships — see what’s next.

What Is the ForbesWeb3 Legacy Pass?

The Legacy Pass is a non-transferable, soulbound digital credential limited to just 1,917 tokens, each representing a unique connection to the Forbes legacy and its forward-looking Web3 vision. Unlike standard NFTs, these tokens are bound to a user's wallet, emphasizing identity, reputation, and long-term community contribution over speculation or resale.

Holders of the Legacy Pass will gain entry into a flagship club tailored for innovators and creators. Benefits are expected to include:

This model aligns with the growing trend of using blockchain not for financial gain, but for verifiable digital identity and community curation — a shift that’s gaining momentum across decentralized social platforms.

How to Mint the Legacy Pass

Minting will be available only to those who have been granted access through the official whitelist. ForbesWeb3 has emphasized that users must use the wallet address registered during the whitelist process to avoid falling victim to scams or phishing attempts.

Security is a top priority. The team has issued warnings about potential fraud, urging participants to double-check all communication sources and avoid clicking on unsolicited links.

Supported Payment Methods

To lower barriers to entry and accommodate a global audience, ForbesWeb3 will accept multiple payment options:

This multi-channel approach reflects a broader effort to bridge traditional finance (TradFi) and decentralized finance (DeFi), making Web3 more accessible to non-crypto-native users. By supporting PayPal — a widely trusted payment processor — ForbesWeb3 signals its intent to onboard mainstream audiences without compromising on technological innovation.

Each wallet will be limited to minting one Legacy Pass, reinforcing the project’s focus on inclusivity, fairness, and anti-sybil mechanisms.

👉 Learn how hybrid payment systems are powering the next wave of Web3 adoption.

Why Soulbound Tokens Matter in Web3

Soulbound tokens (SBTs) were first introduced in a 2022 paper by Vitalik Buterin and others as a way to represent untradeable credentials or affiliations on the blockchain — essentially digital "souls" tied to identities.

Unlike NFTs, which can be bought and sold freely, SBTs are designed to be non-transferable, making them ideal for:

The ForbesWeb3 Legacy Pass exemplifies this concept by creating a trust-minimized credential that proves affiliation with a prestigious network — not as an asset to flip, but as a badge of honor and access.

As Web3 evolves beyond speculative trading, projects like this highlight the potential for blockchain to support real-world utility, social capital, and long-term engagement.

SEO Keywords Integration

This article naturally incorporates core keywords that align with user search intent and industry trends:

These terms reflect both high-volume searches and emerging interest in identity-based blockchain applications, ensuring visibility across relevant queries while maintaining natural readability.

👉 Explore how soulbound tokens are reshaping digital identity in 2025.

Frequently Asked Questions (FAQ)

What is a soulbound token (SBT)?

A soulbound token is a non-transferable digital credential stored on the blockchain. It’s designed to represent aspects of your identity, such as memberships, achievements, or affiliations, without being bought or sold.

How many Legacy Passes are available?

There will be only 1,917 Legacy Passes minted, symbolizing exclusivity and alignment with Forbes’ founding year, 1917.

Can I resell my Legacy Pass?

No. The Legacy Pass is a soulbound token, meaning it cannot be transferred or sold. It remains permanently linked to the wallet used during minting.

What wallets can I use to mint?

You must use the Ethereum-compatible wallet that was registered during the whitelist process. Using any other wallet will result in mint failure.

Is there a public sale for the Legacy Pass?

No. Access is strictly limited to whitelisted participants. There is no public sale planned at this time.

Why does ForbesWeb3 accept PayPal?

Accepting PayPal lowers the entry barrier for users unfamiliar with cryptocurrency. It supports broader adoption by allowing traditional payment methods alongside ETH and cards.

The Bigger Picture: Media Brands Embracing Web3

ForbesWeb3’s move underscores a growing trend: legacy media institutions leveraging blockchain technology to build engaged, verified communities. By combining brand trust with decentralized infrastructure, they’re creating new models for membership, loyalty, and influence.

This isn’t just about digital collectibles — it’s about reimagining how communities form, verify identity, and create value in an open internet.

As more organizations explore soulbound credentials, we may see a future where your online reputation is portable, provable, and protected — all powered by blockchain.

With the mint date imminent and global interest rising, the ForbesWeb3 Legacy Pass could become a benchmark for how traditional brands successfully transition into the Web3 space.