South Korea’s prominent metaverse hub, Zepeto, is embracing the NFT wave with a bold move in partnership with Jump Crypto – introducing the latest ZTX (ZepetoX) platform. As it takes its first steps, the $13 million seed funding round led by venture capital partner Jump Crypto bolsters the platform’s bid to merge blockchain with the metaverse.
TL;DR:
- South Korea’s metaverse leader Zepeto has teamed up with Jump Crypto for the NFT-focused ZTX initiative.
- ZTX secures a $13 million seed round to pioneer NFT integration in its comprehensive metaverse platform.
- Zepeto aims to improve cryptocurrency adoption by introducing ownership into its 3D environment through NFTs.
Zepeto’s ZTX platform aims to lead NFT costs in the Metaverse
Zepeto’s pioneering ZTX venture seeks to bolster crypto adoption by bringing ownership into its 3D domains. The the upcoming Genesis Home Mint marks the entry of ZTX this month. It introduces a collection of exclusive 3D homes available as NFTs on the Ethereum scaling network Arbitrum. These unique homes are bundled with district memberships. In addition, this in turn unlocks access to upcoming releases, events, and in-game upgrades.
Venture capital powerhouse Jump Crypto is leading the funding round. It also receives support from investors such as Collab+Currency, Parataxis, MZ Web3 Fund and Everest Ventures Group. Zepeto is already a mobile-focused sensation valued at over $1 billion. It positions itself as Asia’s largest “Web2” metaverse platform based on robust user engagement. It is ranked as the fourth largest global metaverse ecosystem, also sharing the podium with gaming giants Roblox, Fortnite, and Minecraft. Naver, a tech titan from South Korea, owns Zepeto, which has attracted an impressive user base of over 400 million since its launch in 2018.
ZTX in the Metaverse
Recent progress shows ZTX’s determination, with a private beta test paving the way for platform innovation to come. Collaborations, such as the partnership with Dust Labs, underscore Zepeto’s commitment to community-driven projects. The joint venture, known as Partner Wearables, will enable intellectual property owners to create 3D assets for integration into the game. Chris Jang, co-CEO of ZTX, underscores the platform’s core mission to provide creators with a robust infrastructure.
ZTXThe company’s exceptional team also features veterans from esteemed institutions such as Apple, Roblox, Epic Games, and EA, complemented by blockchain experts with experience on Solana, Flow, and Cosmos networks. As Zepeto steers toward a metaverse intertwined with NFTs, ZTX’s journey continues to reshape the intersection of virtual realms and blockchain capabilities.