ZTX Raises $13M for Web3 Revolution - Unlocking ZEPETO's Potential
Jump Crypto's substantial investment of $13 million has significantly bolstered the impact of ZTX, a Web3 virtual world and creator platform. ZTX's seed funding round was driven by Jump Crypto, propelling its potential for Web3's global adoption. ZTX, known for its 3D environments, is gearing up to launch its Genesis Home Mint featuring thousands of distinct 3D District Homes.Key investors such as Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group joined forces to ensure the success of this funding round. Leveraging the success of its Web 2.0 counterpart, ZEPETO, which has amassed a staggering 400 million users, ZTX has tapped into ZEPETO's extensive reach.ZEPETO, a mobile-centric platform, holds a valuation exceeding $1 billion and stands as Asia's largest "Web2" metaverse community. It ranks fourth globally among metaverse platforms, following the likes of Roblox, Fortnite, and Minecraft. ZEPETO is expanding its scope by entering the NFT space, adding to its competitiveness against other metaverse platforms.ZTX's team, comprising professionals from Apple, Roblox, and various Web3 ecosystems, aims to accelerate Web3 technology adoption worldwide. Co-CEO Chris Jang expressed enthusiasm about their upcoming token launch and their dedication to creator infrastructure development.Jump Crypto, a significant contributor to the seed funding, has a track record of backing projects such as Xverse, FOMO Pay, and AscendEX. ZTX's collaboration with industry leaders and its commitment to cutting-edge technology have positioned it as a leader in the field.With this funding injection and extensive partnerships, ZTX is poised to achieve its objective of advancing Web3 infrastructure and creating distinct 3D environments. The support from the gaming community and the commitment to expanding the Web3 gaming landscape have played pivotal roles in ZTX's journey.
Read more