What is Soulbound?
Soulbound is developing a platform designed to onboard the next generation of players, streamers, and creators into Web3 gaming. The platform enables users to earn non-transferable DRIP tokens for engaging with Soulbound and partnered games. It highlights gaming accomplishments linked to a unique gaming identity, allowing users to showcase these achievements on their streams. A significant focus is placed on game streaming, which has resonated strongly with their audience, making it an integral component of the new UI and branding launching this month. Soulbound is a strong proponent of the StreamFi movement, positioning its streamers as key conduits between web2 and web3 gaming ecosystems.
How much funding has Soulbound raised?
Soulbound has raised a total of $4M across 1 funding round:
Other Financing Round
$4M
Other Financing Round (2024): $4M with participation from Animoca Brands, NGC Ventures, iAngels, Big Brain Holdings, and PANONY
Key Investors in Soulbound
Animoca Brands
Animoca Brands is a Hong Kong-based company specializing in blockchain gaming and NFTs, known for its investments in the decentralized technology space.
NGC Ventures
NGC Ventures is an early-stage venture capital fund with a focus on blockchain infrastructure, having backed notable projects since 2017.
iAngels
iAngels is an Israeli venture capital firm and investment platform providing accredited investors access to tech startups and scaleups.
What's next for Soulbound?
With this substantial backing, Soulbound is poised for accelerated growth and platform development. The company's strategic focus on integrating streaming capabilities and fostering the StreamFi movement suggests an aggressive expansion strategy. Future initiatives will likely involve enhancing user engagement, expanding partnerships with game developers, and further solidifying its position as a bridge between conventional and decentralized gaming worlds. The enterprise-level capital indicates a move towards scaling operations and capturing a larger market share in the rapidly evolving Web3 gaming landscape.
See full Soulbound company page
