According to PANews, the Web3 social gaming ecosystem Soulbound announced that it has completed a $4 million financing round, with participation from iAngels, Animoca Brands, Big Brain Holdings, NGC Ventures, Panony, Delta Blockchain Fund and Blocklords CEO David Johansson.

The new funds will be used to build gaming partnerships, increase social interactions, and expand streamer bounties and social tasks. Soulbound was transformed from Popdrip, an NFT-based sticker and social content publishing platform.

By partnering with the Twitch live streaming platform, Soulbound allows players, streamers, and creators to earn non-transferable DRIP tokens. It is reported that TGE is expected to be held in the second half of 2024.