Soulbound, an innovative web3 social gaming platform, has successfully secured $4 million to support its goal of enhancing the new creator economy. By developing a cutting-edge platform, Soulbound seamlessly integrates GameFi and SocialFi, offering a next-level digital experience. The company wrapped up its latest funding round in Q2 2024, with contributions from prominent gaming and blockchain communities.
This investment will propel Soulbound’s initiatives by forging new gaming partnerships, enhancing social interactions, and amplifying streamer rewards as well as social quest opportunities. Since its launch, Soulbound has expanded its team by 300%, adding expertise in engineering, business development, and community management. The team is currently focused on implementing a Twitch live-stream integration for games partnered with Soulbound while continuously enhancing user experience. The Token Generation Event (TGE) for Soulbound is anticipated to happen in H2 2024, with additional applications set for release in Q3.
Soulbound aims to capitalize on the gaming industry’s vast growth potential by welcoming the next generation of players, streamers, and creators into web3 gaming. Users can earn non-transferable DRIP tokens by engaging with Soulbound and its partner games, allowing them to showcase their gaming achievements tied to their unique gaming identities, and demonstrating their skills on their streams.
Gameplay recordings, Twitch clips, and community “vandalism” activities where users can apply stickers directly on other users’ posts are also transforming social gaming for Soulbound participants. Streamers and creators will benefit from new revenue opportunities via streaming rewards and a sticker marketplace for artists and collectors. To date, Soulbound users have applied over 25,000 stickers from more than 150 artists to posts. The Soulbound platform also reaches into the B2B realm, enabling game studios to connect with users through streamer bounty pools, featured quests, and targeted campaigns fueled by data-driven user profiles and content created by users.
Soulbound is currently adding five new games to its platform each week. They have hosted streaming events with Shrapnel, Parallel, and Nifty Island, drawing over 200 players to competitive tournaments and totaling more than 50,000 minutes streamed throughout the Soulbound network.
“Gaming is no longer a solitary venture,” A.I. Mansbridge, co-founder of Soulbound, remarked. “Game studios, gamers, and streamers are eager to engage new audiences. Soulbound serves as a bridge connecting traditional gamers, streamers, and game studios to the expansive world of blockchain gaming.”
“Gamers, streamers, artists, and developers are ready for change from the current gaming landscape,” Casey Grooms, co-founder of Soulbound, expressed. “Soulbound is crafting a social platform that disrupts the conventional community interaction model. With our investors’ support, we are determined to deliver a groundbreaking social gaming experience.”
About Soulbound
Soulbound is a pioneering social gaming platform that offers revolutionary gamer identities, community engagement, and creator incentives. Established in 2022, Soulbound seeks to elevate the gaming ecosystem and produce advanced digital experiences. Supported by leading gaming and web3 venture capitalists, Soulbound is integrating the next wave of gamers, streamers, and creators into web3. Build your gaming legacy at www.soulbound.gg
Disclaimer: The information contained in this press release is not an investment solicitation, nor is it intended as financial or trading advice. It is highly recommended that you exercise due diligence, including consulting with a qualified financial advisor, prior to investing in or trading cryptocurrencies and securities.
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