Soulbound unveiled its Web3 livestreaming platform at the moment 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 buyers together with Animoca Manufacturers, NGC Ventures, and Massive Mind Holdings, Soulbound raised $4 million not too long ago. It’s introducing its decentralized know-how platform to a worldwide viewers of gaming fanatics.
The platform goals to offer avid gamers and content material creators with instruments to attach, compete, and earn in a clear and safe Web3 atmosphere. Recreation studios can even profit from entry to an engaged Web3 gaming group, 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 means of 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 primarily based on viewers dimension and time streamed. This clear mechanism ensures that streamers are compensated proportionally, cultivating a good and aggressive atmosphere.
With a singular prediction market characteristic viewers can place bets on video games or particular person gamers, which generates further income for streamers. This feature 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.
