ZepetoX (ZTX), created by renowned South Korean metaverse platform Zepeto in partnership with Jump Crypto, is Zepeto’s first venture into the blockchain space. ZTX announced the completion of a $13 million seed investment phase, which was primarily managed by its venture capital partner.
This funding round spearheaded by Jump Crypto also features involvement from other investors, including Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group.
With a valuation exceeding $1 billion, the mobile-centric Zepeto is recognized as the leading Web2 metaverse platform in Asia regarding active user statistics. It ranks fourth among global metaverse platforms, trailing behind well-known games, like Roblox, Fortnite, and Minecraft. Under the ownership of the South Korean technology conglomerate Naver, Zepeto has drawn in more than 400 million users since its inception in 2018.
Zepeto hopes to encourage the use of cryptocurrencies by introducing ownership into its 3D virtual places through ZTX.
ZTX is a metaverse platform depending on Web3 technologies. The platform’s main goal is empowering creators and communities. Also, it is covering the concept of play-to-earn.
ZTX started the mint covering 4000 District Homes which are on Arbitrum. These NFTs can be used in ZTX and unlock game perks. The presale of these NFTs started on August 8, and the presale will be finished on August 25. The OpenSea mint for these digital assets will start on August 30.
With buying these NFTs, you can join one of Zepeto’s four districts and gain access to upcoming releases, special events, and in-game enhancements.
Investigating ZTX’s history, the collaborative effort between Jump Crypto and Zepeto led to its establishment in 2022; ZTX has continually been a pioneer in creating new ideas. In the prior month, the company revealed its inaugural Playtest, an exclusive beta trial for its upcoming 3D expansive virtual world platform.
Chris Jang, the co-CEO of ZTX, emphasized the company’s commitment to molding and influencing “an infrastructure layer for creators”, boasting a team filled with seasoned professionals from Apple, Roblox, Epic Games, EA, and distinguished blockchain experts.