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Zepeto and Jump Crypto's metaverse platform ZTX has completed a $13 million seed round financing.
2023-08-16 00:46
Odaily News: South Korean metaverse platform Zepeto, in partnership with Jump Crypto, has completed a $13 million seed funding round for their metaverse platform ZTX (ZepetoX). The funding was led by Jump Crypto, with participation from Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and others.



Zepeto aims to integrate ownership of the 3D environment into its platform through the ZTX initiative, in order to drive adoption of cryptocurrencies. ZTX is expected to launch its first Genesis Home Mint project later this month, which will consist of a collection of 4,000 customized 3D houses as NFTs (non-fungible tokens), to be sold on the Arbitrum network. Purchasing these NFTs will grant users Zepeto membership, as well as priority access to future airdrops, events, and in-game enhancements.



Last month, ZTX conducted a beta internal testing of its upcoming platform and recently partnered with Dust Labs, the developer behind NFT projects DeGods and y00ts, to launch a community-centered project called Partner Wearables. This project provides tools for IP holders to create 3D assets for use in games. (Decrypt)