Soulbound, a web3 social gaming ecosystem, has raised $4M to further its mission to empower the new creator economy. By creating a new, cutting-edge platform, Soulbound seamlessly combines GameFi and SocialFi into a next-generation digital experience. Soulbound’s latest funding round closed in Q2 2024, with participation from leading gaming and blockchain communities.
The investment will advance Soulbound’s work by building game partnerships, adding social interactions, and expanding streamer bounties and social quests. Since its inception, Soulbound has grown its team by 300% through engineering, business development, and community development resources. The team is currently implementing a Twitch livestream integration for Soulbound’s partner games and continues to improve the user experience. Soulbound’s TGE is expected to occur in the second half of 2024, with additional applications expected to launch in the third quarter.
Soulbound is poised to bolster the gaming industry’s massive growth potential by integrating the next generation of gamers, streamers, and creators into Web3 gaming. Users can earn non-transferable DRIP tokens by engaging with and partnering with Soulbound games, showcasing their favorite gaming achievements tied to their unique gaming identity, and being compelling on their streams.
Gameplay videos, Twitch clips, and community “vandalism” interactions where users can paste stickers directly onto each other’s posts are also redefining social gaming for Soulbound users. Streamers and creators will have access to new revenue streams with streaming bounties and a sticker marketplace for artists and collectors. Soulbound users have “pasted” posts with over 25,000 stickers from over 150 artists to date. The Soulbound platform is expanding beyond gamers into the B2B space. Game studios are using Soulbound to acquire and engage with users by launching streamer bounty pools, featured quests, and targeted promotions through data-driven profiles and user-generated content.
Soulbound is currently adding five new games per week to their platform. They have hosted streaming activations with Shrapnel, Parallel, and Nifty Island, attracting over 200 players to competitive tournaments with over 50,000 minutes streamed on the Soulbound network.
“Gaming is no longer a solitary experience” AI Mansbridge, Co-Founder of Soulboundsaid. “Game studios, gamers, and streamers want to reach new audiences. Soulbound is a bridge between traditional gamers, streamers, and game studios and the vast blockchain gaming space.”
“Gamers, streamers, artists, and developers are fed up with the status quo in gaming.” Casey Grooms, Co-Founder of Soulboundsaid. “Soulbound is building a social platform that disrupts the traditional model of community interaction. With the support of our investors, we will deliver a groundbreaking social gaming experience, the first of its kind.”
About Soulbound
Soulbound is a pioneering social gaming platform that features revolutionary player identities, community interactions, and creator incentives. Soulbound was founded in 2022 with a mission to evolve the gaming ecosystem and create cutting-edge digital experiences. Backed by top VCs in gaming and web3, Soulbound is bringing the next generation of gamers, streamers, and creators to web3. Build your gaming legacy at www.soulbound.gg
Disclaimer: The information provided in this press release does not constitute a solicitation of investment and is not intended to be considered investment advice, financial advice or trading advice. You are strongly advised to conduct your own due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.
