ZTX, a Web3 virtual world and creator platform, is now in a stronger position in the digital finance realm.
The company has successfully bagged a $13m seed round. This significant financial boost was led by Jump Crypto. The round also saw investments from other notable parties such as Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group, to name a few.
ZTX isn’t just another name in the digital world. They have managed to harness the power of their legacy Web2 business ZEPETO, which boasts an impressive count of over 400 million lifetime users. For those in the know, ZEPETO stands as the fourth largest metaverse platform worldwide, only surpassed by giants like Roblox, Fortnite, and Minecraft.
The partnerships they’ve established span from high-end brands like Gucci to renowned music sensations like K-Pop’s BLACKPINK. With such a vast user base and partnership spectrum, ZTX is all set to leverage its resources to further the adoption of Web3 globally.
But what is their grand vision? It’s nothing short of advancing the Web3 infrastructure for creators in immersive, 3D environments. Their team comprises seasoned experts from big names like Apple, Roblox, and even Web3 ecosystems like Cosmos and Solana.
ZTX Co-CEO Chris Jang voiced his excitement, “We’re excited to share news about our fundraising round. 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.”
MZ Web3 Fund’s General Partner, Yuki Kanayama, expressed confidence in ZTX’s vision, stating: “We believe that ZTX has the potential to create a unique world. The seamless integration of digital asset creation and trading in the metaverse with Web3 technology is truly exciting. Moreover, the ZTX team’s expertise in both the metaverse and Web3 is exceptional, and we have high expectations for their future endeavors.”
Sharing a similar sentiment, Stephen McKeon, Partner at Collab+Currency, remarked: “As a crypto-focused venture fund, we back visionary teams who are using decentralized technology to shape the next wave of consumer products. We are 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.”
Delving into ZTX’s past, it was founded in 2022 as a joint initiative between Jump Crypto and ZEPETO. ZTX has consistently been at the forefront of innovation. Just last month, the company unveiled its first Playtest – an invite-only beta test for its forthcoming 3D open-world platform. Collaborations like the one with Dust Labs to launch the ZTX Partner Wearables initiative further emphasize their commitment to evolving the digital metaverse landscape.
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