Startup to revolutionize streamer, creator, and game studio economy for $272 billion gaming market

Soulbound, an emerging player in the web3 social gaming space, has successfully raised $4 million in its latest funding round. This investment, concluded in Q2 2024, will accelerate the development of Soulbound’s avant-garde platform that integrates GameFi and SocialFi to create a groundbreaking digital experience.

• Funding Details:

  • Soulbound raised $4 million with contributions from prominent gaming and blockchain communities.
  • The funds will be directed towards establishing gaming partnerships, enhancing social interactions, and expanding streamer bounties and social questing features.

• Team Expansion and Platform Enhancements:

  • The team has grown by 300%, bolstering engineering, business development, and community-building efforts.
  • Key developments include the implementation of a Twitch live-stream integration and ongoing user experience improvements.
  • The Token Generation Event (TGE) is anticipated in H2 2024, with additional applications slated for release in Q3.

Innovative Features and User Engagement

• Web3 Gaming Integration:

  • Soulbound offers non-transferable DRIP tokens to users for engaging with games and showcasing their achievements.
  • The platform introduces unique elements like gameplay videos, Twitch clips, and community interactions with stickers.

• Opportunities for Streamers and Creators:

  • Streamers and creators can access new revenue streams through streaming bounties and a sticker marketplace.
  • Users have applied over 25,000 stickers from 150+ artists, enriching the social gaming experience.

• B2B Opportunities:

  • Game studios use Soulbound to connect with users via streamer bounty pools, featured quests, and targeted promotions based on data-driven profiles and user-generated content.
  • The platform is onboarding five new games per week and has hosted events with Shrapnel, Parallel, and Nifty Island, attracting over 200 players and 50,000+ minutes of streaming.

Statements from Co-Founders

• A.I. Mansbridge, Co-Founder:

  • "Soulbound bridges traditional gaming with blockchain innovations, helping game studios, gamers, and streamers reach new audiences."

• Casey Grooms, Co-Founder:

  • "We are redefining community interactions in gaming. With investor support, Soulbound aims to deliver a transformative social gaming experience."

Soulbound is set to revolutionize the web3 gaming landscape by merging GameFi and SocialFi into a single platform. With significant funding, a rapidly growing team, and innovative features, Soulbound is poised to onboard the next generation of gamers, streamers, and creators into the blockchain gaming ecosystem.