Soulbound unveiled its Web3 livestreaming platform right now at TwitchCon 2024 in San Diego, California.
Soulbound went to the massive occasion for streamers and creators to showcase how blockchain know-how can rework the livestreaming expertise for avid gamers, streamers, and builders.
Backed by traders together with Animoca Manufacturers, NGC Ventures, and Huge Mind Holdings, Soulbound raised $4 million lately. It’s introducing its decentralized know-how platform to a world viewers of gaming fans.
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. Recreation studios can even 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 have interaction 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.
Via the platform’s bounty system, recreation builders can arrange prize swimming pools for streamers. Builders deposit funds into a sensible 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 measurement and time streamed. This clear mechanism ensures that streamers are compensated proportionally, cultivating a good and aggressive setting.
With a singular prediction market function viewers can place bets on video games or particular person gamers, which generates further 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.