Soulbound, a web3-based streaming platform, has announced a major redesign and feature expansion, aiming to position itself as a leading space for interactive streaming and creator monetization. The platform, originally introduced to explore blockchain-integrated streaming, now includes real-time betting and other interactive features that allow viewers to place bets on live events during streams. Soulbound has scheduled its relaunch for Q4 2024 and plans to reach audiences on mobile through a dedicated Telegram app, broadening its user engagement strategy.

Soulbound Logo and Key Art

About Soulbound

The revamped Soulbound introduces monetized streaming as a central feature, providing web3 gaming creators with a more balanced revenue-sharing model. The platform aims to support both small and large creators by establishing an environment where income is derived from real-time viewer engagement.

Unlike traditional streaming models, which often rely heavily on advertising or fixed subscriptions, Soulbound’s new monetization approach allows viewers to contribute directly to the streams they watch, creating a more dynamic and rewarding experience for both creators and audiences.

Enhancing Viewer Engagement

An additional focus of Soulbound’s relaunch is its unique real-time betting functionality, which the platform hopes will drive increased engagement with live-streaming content. With this feature, viewers can place bets on specific moments during streams—such as predicting the next move in a game or the outcome of an event—adding an interactive layer to the viewing experience. 

The betting feature, like all aspects of the platform, is powered by blockchain technology. This integration allows Soulbound to utilize smart contracts, which automatically manage payouts based on in-stream events, ensuring accuracy and transparency. The use of blockchain also provides a secure and verifiable system for tracking predictions and rewarding participants, adding reliability to the platform’s betting ecosystem.

Soulbound Cover Banner on X (Twitter)

 Q4 2024 Telegram App Launch

As part of its growth strategy, Soulbound will launch an app on Telegram in late 2024. This move leverages Telegram’s extensive user base, offering an additional pathway for Soulbound creators to interact with their audience. The mobile-friendly format also reflects Soulbound’s intent to make streaming accessible and convenient for users, facilitating a seamless experience for both content creation and viewership.

Soulbound’s expansion into Telegram aligns with its commitment to accessible web3 technology, allowing creators to manage streams, share content, and engage with audiences directly from mobile devices. With the platform's new features and the added convenience of Telegram’s messaging ecosystem, Soulbound aims to increase creator reach and foster a more integrated viewer community.

Soulbound Sample Screenshot

$4 Million Funding to Drive Expansion

To support its relaunch and development, Soulbound secured $4 million in funding as of August 2024. This investment round included prominent supporters such as Animoca Brands, NGC Ventures, and Big Brain Holdings. The financial backing is expected to facilitate Soulbound’s growth in both technological development and user engagement initiatives, with a focus on expanding its web3 capabilities and enhancing interactive features.

With its new design and expanded feature set, Soulbound’s relaunch in Q4 2024 marks a significant advancement in web3 streaming. By combining monetized streaming, real-time betting, and the Telegram app launch, the platform seeks to establish a decentralized, blockchain-driven environment that supports both content creators and viewers. For more information, visit Soulbound.gg.

Source: blockchaingamer.biz