Soulbound unveiled its Web3 livestreaming platform at the moment at TwitchCon 2024 in San Diego, California.
Soulbound went to the large occasion for streamers and creators to showcase how blockchain expertise can remodel the livestreaming expertise for avid gamers, streamers, and builders.
Backed by traders together with Animoca Manufacturers, NGC Ventures, and Massive Mind Holdings, Soulbound raised $4 million just lately. It’s introducing its decentralized expertise platform to a worldwide viewers of gaming lovers.
The platform goals to offer avid gamers and content material creators with instruments to attach, compete, and earn in a clear and safe Web3 setting. Sport studios may also profit from entry to an engaged Web3 gaming neighborhood, providing new methods to spice up visibility and drive participation, the corporate stated.
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Soulbound’s Web3 livestreaming platform modifications how content material creators and avid gamers can work together with their audiences. Leveraging blockchain, Soulbound introduces options like stream-to-earn, a non-fungible token (NFT) sticker market, and a prediction market, encouraging customers to interact extra deeply with the content material whereas producing income.
These blockchain-powered mechanisms create clear and automatic interactions and permit streamers to monetize their actions pretty and effectively, Soulbound stated.
By the platform’s bounty system, sport builders can arrange prize swimming pools for streamers. Builders deposit funds into a wise contract, developing with streaming challenges that incentivize participation. Bounty Hunters, or streamers, take part in these challenges over a set interval, with rewards distributed based mostly on viewers dimension and time streamed. This clear mechanism ensures that streamers are compensated proportionally, cultivating a good and aggressive setting.
With a novel prediction market function viewers can place bets on video games or particular person gamers, which generates extra income for streamers. This selection enhances viewer engagement whereas permitting streamers to spice up their earnings in new, dynamic methods.
Based in 2021 by A.I. Mansbridge and Casey Grooms, Soulbound is a SocialFi platform designed to assist streamers monetize and develop their audiences.