According to PANews, Web3 social gaming ecosystem Soulbound has successfully raised $4 million in funding. The investment round saw participation from iAngels, Animoca Brands, Big Brain Holdings, NGC Ventures, Panony, Delta Blockchain Fund, and Blocklords CEO David Johansson. The newly acquired funds will be directed towards establishing game partnerships, enhancing social interactions, and expanding streamer bounties and social tasks.
Soulbound, which evolved from the NFT-based sticker and social content platform Popdrip, has partnered with the Twitch streaming platform. This collaboration allows players, streamers, and creators to earn non-transferable DRIP tokens. The Token Generation Event (TGE) for these tokens is anticipated to take place in the second half of 2024.