Animoca Brands-Backed Soulbound Raises $4 Million for Web3 Social Gaming

Soulbound,
a
web3
social
gaming
ecosystem,
has
raised
$4
million
to
power
its
mission
to
empower
the
new
creator
economy.
By
creating
a
new
avant-garde
platform,
Soulbound
seamlessly
marries
 GameFi
and
SocialFi
into
a
next-generation
digital
experience.
Soulbound’s
latest
round
concluded
in
Q2
2024,
with
participation
from
leading
gaming
and
blockchain
communities. 

The
investment
will
advance
Soulbound’s
work
by
establishing
gaming
partnerships,
adding
social
interactions,
and
expanding
streamer
bounties
and
social
questing.
Since
its
inception,
Soulbound
has
scaled
its
team
by
300%
 with
engineering,
business
development,
and
community-building
resources.
The
team
is
currently
implementing
a
Twitch
live-stream
integration
for
Soulbound-partnered
games
and
continuing
to
improve
user
experience.
Soulbound’s
TGE
is
expected
to
take
place
in
H2
2024,
with
other
applications
set
to
launch
in
Q3. 

Soulbound
is
poised
to
reinforce
the
gaming
industry’s
tremendous
growth
potential
by
onboarding
the
next
generation
of
players,
streamers,
and
creators
into
web3
gaming.
Users
can
earn
non-transferable
DRIP
tokens
for
engaging
with
Soulbound
and
partnered
games,
showcasing
their
favorite
gaming
accomplishments
linked
to
their
unique
gaming
identity,
and
flexing
on
their
streams.

Gameplay
videos,
Twitch
clips,
and
community
“vandalism”
interactions
where
users
can
slap
stickers
directly
on
others’
posts
are
also
redefining
social
gaming
for
Soulbound
users.
Streamers
and
creators
will
have
access
to
fresh
revenue
channels
with
streaming
bounties
and
a
sticker
marketplace
for
artists
and
collectors.
Soulbound
users
have
“slapped”
posts
with
over
25,000
stickers
from
150+
artists
to
date.
The
Soulbound
platform
extends
beyond
gamers
into
the
B2B
space.
Game
studios
leverage
Soulbound
to
acquire
and
interact
with
users
by
launching
streamer
bounty
pools,
featured
quests
and
targeted
promotions
through
data-driven
profiles
and
user-generated
content.

Soulbound
is
currently
onboarding
five
new
games
per
week
to
its
platform.
They
have
hosted
streaming
activations
with
Shrapnel,
Parallel
and
Nifty
Island,
attracting
over
200
players
in
competitive
tournaments
with
over
50k+
minutes
streamed
across
the
Soulbound
network.

“Gaming
is
no
longer
a
solo
experience,”

A.I.
Mansbridge,
co-founder
of
Soulbound,
said.
 “Game
studios,
gamers,
and
streamers
want
to
reach
new
audiences.
Soulbound
is
a
bridge
for
traditional
gamers,
streamers,
and
game
studios
to
the
expansive
blockchain
gaming
space.”

“Gamers,
streamers,
artists,
and
developers
are
tired
of
the
gaming
status
quo,”

Casey
Grooms,
co-founder
of
Soulbound,
said.
“Soulbound
is
building
a
social
platform
that
shakes
up
the
traditional
community
interaction
model.
With
support
from
our
investors,
we
will
deliver
a
first-of-its-kind
avant-garde
social
gaming
experience.” 

About
Soulbound

Soulbound
is
an
avant-garde
social
gaming
platform
delivering
revolutionary
gamer
identities,
community
interactions,
and
creator
incentives.
Soulbound
was
founded
in
2022
with
a
mission
to
level
up
the
gaming
ecosystem
and
create
cutting-edge
digital
experiences.
Backed
by
top
gaming
and
web3
VCs,
Soulbound
is
onboarding
the
next
generation
of
gamers,
streamers,
and
creators
into
web3.
Forge
your
gaming
legacy
at www.soulbound.gg

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.