Soulbound Startup Raises $4 Million From Investors

Soulbound has raised $4 million in funding to grow its Web3-based social gaming ecosystem. The funding was raised in Q2 2024, with participation from major players like Animoca Brands, iAngels, NGC Ventures, and others. The funding will allow Soulbound to expand its partnerships in the gaming industry, add new social features, and improve streaming integrations, including with the Twitch platform.

The organization has seen significant growth since its launch. The Soulbound team has tripled its headcount, adding specialists in engineering, business development, and community building. The platform is planning to launch its token through the TGE process in the near future, which should strengthen its position in the market.

Integration with streaming has become a key area of ​​development for the platform. Soulbound actively supports the StreamFi movement and aims to become a bridge between traditional and blockchain games. The platform allows you to earn non-tradable DRIP tokens for interaction and demonstrating your gaming achievements in live broadcasts.

Soulbound also introduces new mechanics like in-game betting (where viewers can make predictions about what streamers will do) and “stickers” that users can place on each other’s posts. These features expand the earning potential of streamers and artists, as well as bring social elements to the gameplay.

Overall, Soulbound aims to become a significant player in the Web3 gaming market by attracting new users, streamers, and content creators. The investment will help the company continue to develop innovative solutions and strengthen its position as a leader in blockchain-based social gaming.

Author

Peter Ivanov