South Korea’s top metaverse platform, Zepeto, has joined forces with Jump Crypto, unveiling a $13 million seed investment for their collaborative venture, ZTX. This funding, spearheaded by Jump Crypto, attracted investors such as Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group.
Zepeto, a mobile-centric platform valued over $1 billion, is recognized as Asia’s predominant “Web2” metaverse by active users. It claims the fourth global position, only surpassed by gaming giants like Roblox, Fortnite, and Minecraft. With its impressive record of amassing 400 million users since its 2018 inception, Zepeto is determined to magnify its horizon by diving into the blockchain ecosystem.
With the ZTX initiative, Zepeto’s goal is clear: accelerating cryptocurrency adoption by granting users ownership within its 3D worlds. ZTX is preparing to unveil its Genesis Home Mint soon.
This unique collection, encompassing 4,000 distinct 3D homes, will also be available as NFTs on the Ethereum scaling network, Arbitrum. Purchasers will receive exclusive membership to one of its four sectors and enjoy privileges such as access to forthcoming releases, special events, and game upgrades.
ZTX, in its previous moves, executed a private beta test and partnered with Dust Labs, an entity behind notable NFT projects like DeGods and y00ts. Together, they initiated the “Partner Wearables” project, allowing IP holders to craft 3D assets for in-game use. Chris Jang, ZTX’s co-CEO, underlined the company’s dedication to shaping “an infrastructure layer for creators,” boasting a team filled with seasoned professionals from Apple, Roblox, Epic Games, EA, and distinguished blockchain experts.