Zepeto, South Korea’s prominent metaverse platform, has joined forces with Jump Crypto to establish a new venture called ZTX. This collaboration has resulted in securing a substantial $13 million seed investment, with influential investors such as Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group leading the funding.
Zepeto, valued at over $1 billion, is a leading player in Asia’s “Web2” metaverse scene, ranking fourth globally behind giants like Roblox, Fortnite, and Minecraft. Since its inception in 2018, Zepeto has gained significant traction, amassing a user base of 400 million. Now, the platform aims to tap into the potential of blockchain technology.
ZTX is crafting an expansive 3D virtual world that enables users to interact, exchange digital items, and immerse themselves in social experiences. The platform emphasizes individuality, allowing users to personalize avatars, landscapes, and residences using digital creations from various artists and communities.
The vision behind ZTX is to create a Web3 universe that celebrates creators and their communities. This digital domain is open to all, offering countless free plots of land for users to claim and engage in core gameplay. Users can set up structures on these plots, enhancing their space with unique assets, including the notable District Homes.
Zepeto aims to bring more people into the Web3 world through ZTX by giving users a stake in its 3D environments. One of their major upcoming initiatives is the Genesis Home Mint, set to launch this month. The Genesis Home Mint will feature a collection of 4,000 distinct 3D houses available for purchase as NFTs on the Arbitrum scaling network of Ethereum. Owning these NFTs grants benefits such as membership in one of ZTX’s four designated districts and exclusive access to upcoming content drops, events, and gameplay enhancements within the platform.
ZTX has recently conducted a private beta test to refine its platform and introduced the community-focused Partner Wearables project in collaboration with Dust Labs. The team behind ZTX comprises seasoned professionals from reputable companies like Apple, Roblox, Epic Games, and EA, bolstered by blockchain specialists with experience on platforms such as Solana, Flow, and Cosmos. Their expertise reflects ZTX’s commitment to building a robust infrastructure that caters to creators.
With Zepeto’s well-established presence in the metaverse and its foray into the world of blockchain through ZTX, the venture aims to make the 3D digital world of Web3 accessible and enjoyable for everyone. The upcoming launch of the Genesis Home Mint will allow users to personalize their online experience even further by acquiring unique digital homes as NFTs. With a team of tech experts and blockchain enthusiasts, ZTX is dedicated to connecting more people to the Web3 world in a simple and engaging manner.