With its ZTX (ZepetoX) initiative, developed in collaboration with Jump Crypto, the well-known South Korean metaverse platform Zepeto is entering the blockchain market. Today, ZTX announced a $13 million seed round, which was headed by its venture capital partner. Other investors include Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group are a part of the Jump Crypto-led round.
Metaverse Platform Zepeto Successfully Raises $13 Million in Seed Round
By incorporating ownership into its 3D settings with ZTX, Zepeto hopes to increase the use of cryptocurrencies. This month, ZTX will introduce its first Genesis Home Mint.
The collection of 4,000 custom 3D residences offers membership to one of its four districts as well as access to upcoming drops, events, and in-game improvements. They are sold as NFTs on the Ethereum scaling network Arbitrum.
ZTX has partnered with Dust Labs—the company that runs the NFT projects DeGods and y00ts—on a community-focused program called Partner Wearables, offering tools to IP holders to build 3D assets for inclusion in the game. Last month, ZTX announced a private beta test of its future platform.
About Zepeto
The mobile-only Zepeto is described as Asia’s largest Web2 metaverse platform by active user metrics and the fourth-largest metaverse platform globally, after the well-known games Roblox, Fortnite, and Minecraft. Zepeto, which is owned by the Korean digital company Naver, claims that since its debut in 2018, it has drawn more than 400 million users.
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