Author: Nancy, PANews

Whether it is the increasingly high user and transaction volume, or the high-frequency and high-value financing activities, the popularity of projects such as Friend.tech and Farcaster in the SocialFi sector is driving it to become a hot topic. At the same time, the long-dormant GameFi sector has recently seen a "small spring," but still faces challenges in breaking through to large-scale applications.

Amid the continued rise in market heat, the recent launch of the Galxe Quests activity by Soulbound is worth paying attention to. As a Web3 social platform focused on gaming, Soulbound integrates UGC, NFT derivatives, and game distribution into its social network functions, allowing gamers to earn income, showcase skills, and interact with like-minded individuals.

Combining Social and Web3 to Innovate Gaming Experience and Value

Currently, the market's interest and participation in GameFi are increasing day by day. According to Google Trends data, since the beginning of this year, the search popularity for GameFi has increased by nearly 69.5%. Additionally, according to a report released by DappRadar in mid-May, the total investment in blockchain games in the first quarter of 2024 reached $288 million, and the investment total in April reached a record high since January 2021, at $988 million. At the same time, the number of daily unique active wallets for blockchain games has also reached a record 2.9 million.

As GameFi shows strong signs of recovery and growth, Soulbound's launch of a Web3 social network aimed at gamers will help the GameFi ecosystem to grow better. Soulbound features in-game tasks with its partners, allowing players to earn rewards by completing tasks and track their progress on leaderboards. The rewards for players come in various forms, including exclusive sticker packs, tokens, NFTs, game items (such as weapons, skins, and other game resources), and more.

Soulbound's gamified task platform can track players' achievements both on and off the chain to create comprehensive player profiles. These profiles not only serve as badges of honor to showcase users' achievements and honors, and grant them access to exclusive offers and rewards, but also serve as a way for gamers to show off their skills and connect with other gaming enthusiasts. The personal profiles on Soulbound are not limited to traditional virtual images, but also provide comprehensive portfolios, including showcasing users' content, activities, purchases, earnings, and social interactions. Users can also track their growth and influence on the platform through metrics such as followers and creator earnings, creating a personalized space that reflects their gaming journey.

At the same time, adhering to the principles of fairness and sustainability, Soulbound continuously generates revenue through transaction fees, brand partnerships, and premium feature subscriptions, redefining online interactions and empowering gamers and creators with more opportunities for monetization, thus providing more possibilities for the platform's sustainable development.

In addition, Soulbound has also pioneered the establishment of a Sticker Store specifically for the community, allowing users, artists, and brands to create and sell sticker packs made from NFTs or original images in the market. This not only provides new sources of income for artists and creators but also activates the innovation capabilities of the gaming market. Soulbound promotes collaboration between artists and gaming brands in the task system, where they can create exclusive sticker sets as part of game task rewards. By enabling artists to engage with the gaming community, top games collaborating with these Web3's most popular artists will elevate the art of Web3 games to AAA level.

In essence, Soulbound, through the combination of social networks, gamification, and NFTs, sets new standards for gaming, allowing players to truly own digital identities and achievements, fostering a community based on fairness, collaboration, and true ownership, thus providing a new gaming experience and value for gamers, streamers, guilds, and artists.

Introducing a Dual-Token Economic Model, Establishing Creator Economy

Compared to the business operation model of centralized social platforms, incentive mechanisms are an important innovation in SocialFi and a powerful tool to encourage user participation. Soulbound is creating project value and increasing player activity through a dual-token economic model and creator economy.

In terms of token economics, since the popularity of Axie Infinity, the dual-token economic model has become a standard for GameFi in recent years, and Soulbound is no exception. The core of Soulbound's dual-token economy is Soulbucks ($SBX), an ERC-20 ecosystem token that serves as the platform's primary exchange medium and has multiple uses. Users can use $SBX to reward their favorite emoji posts, game clips, Twitch videos, and live streams, or to purchase/gift stickers to their Soulmates. The introduction of this token not only provides users with more choices and flexibility but also makes the Soulbound user experience more attractive and rewarding.

$DRIP is another core token in the Soulbound ecosystem, mainly used for user rewards, content interaction, gaming, and task completion, but it is non-transferable. Users can earn $DRIP scores by completing tasks on the Soulbound platform, sticking stickers on favorite posts, and creating and sharing content. Additionally, users can earn more $DRIP through methods such as having their content stickered, referring friends, and creating communities. $DRIP scores will help quantify the reputation players build in Web3 games and unlock rewards and airdrops of the $SBX token, as well as enhance their account level, thus incentivizing users to participate more actively on the platform.

In a decentralized context, Soulbound has also established a more interactive creator economy. The Timeline Feed is a distinctive feature of Soulbound, providing users with a space for creating, sharing, and interacting with content. From emoji packs to game videos, the Timeline Feed showcases user-generated content, deepening and promoting connections and conversations among gamers.

Moreover, features such as "stick," "comment," and "share" will enhance player engagement, allowing users to interact meaningfully with content. It is worth mentioning that Soulbound recently introduced a tipping feature, where high-quality content can be rewarded in a peer-to-peer manner, increasing the ways content can be monetized and incentivizing users to create higher-quality content.

In summary, Soulbound, by providing rich content creation, diverse interactive features, and a rewarding economic model, not only enhances player engagement and value but also promotes the platform's sustainable development and growth potential.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。