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In Wall Street parlance, “DRIP” stands for “dividend reinvestment plan.” In the Gen Z lexicon, though, “drip” is the style one exudes. It’s from this usage that Soulbound named its reputation points token. By offering gamers and community members DRIP tokens, gamer IDs and content bounties, Soulbound is pursuing its goal of empowering the new creator economy.
Soulbound’s whole mission is to give creators – of games, of streaming content, of digital art – a medium through which they can earn a living doing what they love.
"Until now, monetization of content has been locked behind viewer and subscriber thresholds, which prevents the vast majority of people from earning as they try to break into streaming,” said cofounder A.I. Mansbridge. “At Soulbound, we're leveling the playing field by removing those barriers, allowing all creators to earn based on their engagement and contributions, rather than just the top 5%."