ZTX raises $13M for Web3 virtual world and creator platform

ZTX has raised $13 million in seed funding for its Web3 virtual world and creator platform.

The robust investor curiosity in ZTX displays the market’s recognition of the venture’s potential throughout the web3 house, the corporate mentioned.

ZTX mentioned certainly one of its key benefits is the legacy of its Web2 enterprise, Zepeto, which has attracted over 400 million lifetime customers. Zepeto is at the moment the fourth largest metaverse platform within the world, trailing solely Roblox, Fortnite, and Minecraft, ZTX mentioned.

It has additionally established strategic partnerships with outstanding manufacturers like Gucci, Starbucks, and the Ok-Pop woman group Blackpink.

Jump Crypto, an investor within the crypto house, led the spherical. Other individuals included Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and a number of others.

The ZTX staff plans to leverage its current assets, together with its in depth consumer base and partnerships, to drive the adoption of web3 expertise amongst international audiences. The staff contains seasoned professionals from famend firms similar to Apple, Roblox, Epic, EA, in addition to consultants from web3 ecosystems like Cosmos, Flow, and Solana.

“We’re excited to share news about our fundraising round,” mentioned Chris Jang, the Co-CEO of ZTX, in a press release. “We have been building steadily and discreetly for well over a year, and with our token launch happening in the coming months we want to emphasize the commitment that our investors, just like our team, have toward our vision to provide an infrastructure layer to creators.”

Yuki Kanayama, basic associate at MZ Web3 Fund, praised ZTX for its potential to create a novel metaverse venture. The integration of digital asset creation and buying and selling with web3 expertise is a pure match that units ZTX aside, he mentioned.

“As a crypto-focused venture fund, we back visionary teams who are using decentralized technology to shape the next wave of consumer products,” mentioned Stephen MKeon, associate at Collab+Currency, in a press release. “We’re thrilled to be part of this round, supporting ZTX’s exceptional team and their unique advantages. ZTX can provide a distinct infrastructure layer for diverse NFT projects and web3 builders with its creator-focused tooling, and we look forward to helping ZTX succeed in its ambitious mission.”

Established in 2022, ZTX is a collaboration between Jump Crypto and Zepeto. Over the previous yr, the corporate has been actively creating its ecosystem.

Recently, ZTX launched a non-public beta take a look at of its upcoming 3D open-world platform referred to as Playtest. ZTX has additionally partnered with Dust Labs to launch ZTX Partner Wearables, a community-centric initiative that allows IP companions to create 3D property for use within the open-world surroundings.

In the close to future, ZTX plans to launch its Genesis Home Mint, providing a group of 4,000 distinctive 3D District Homes. Holders of those houses will achieve advantages similar to membership in one of many 4 Districts (Arts, Financial, Fashion, Games), particular entry to future drops and occasions, and enhanced gameplay inside ZTX.

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