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 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 not too long ago. It’s introducing its decentralized know-how platform to a world viewers of gaming fans.
The platform goals to supply avid gamers and content material creators with instruments to attach, compete, and earn in a clear and safe Web3 setting. Sport studios may 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 adjustments 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.
By means of the platform’s bounty system, recreation builders can arrange prize swimming pools for streamers. Builders deposit funds into a wise contract, arising 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 measurement 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 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.