Singapore-based Web3 platform ZTX, celebrated in the virtual world domain, recently announced the conclusion of a $13M seed funding round spearheaded by Jump Crypto. This substantial financial injection underscores the confidence of multiple investors in ZTX’s mission and future growth potential for launching their own Metaverse.
- Seed round for new metaverse totals $13M, headed by Jump Crypto.
- ZTX has its roots in the successful Web2 business ZEPETO.
- Strong team amalgamates experts from both Web2 and Web3 sectors.
- Focus on Web3 infrastructure enhancement for 3D immersive creator environments.
- New partnerships and product launches on the horizon for ZTX.
Impressive Backing and Legacy
The impressive roster of backers includes the likes of Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and more. The solid backing signifies the market’s keen interest in the project, a belief further solidified by ZEPETO’s proven track record – a legacy Web2 business related to ZTX. With a staggering user base exceeding 400 million, ZEPETO ranks as the fourth-largest metaverse platform, only surpassed by giants like Roblox, Fortnite, and Minecraft. The platform’s impressive collaborations range from renowned brands such as Gucci and Starbucks to entertainment powerhouses like the K-Pop sensation, BLACKPINK.
Integration of Web2 and Web3 Expertise
The ZTX team is unique in its integration of industry stalwarts. It amalgamates experienced figures from dominant Web2 companies like Apple, Roblox, and EA, with seasoned veterans from prominent Web3 ecosystems like Cosmos and Solana. This eclectic mix has positioned ZTX uniquely to pioneer advancements in Web3 creator infrastructures, specifically in the realms of 3D and immersive environments.
Team’s Perspective on Funding
Chris Jang, Co-CEO of ZTX, voiced his enthusiasm, shedding light on the platform’s journey so far. He emphasized the unwavering commitment from both the internal team and investors, aligning with ZTX’s vision of offering an unmatched infrastructure layer for creators. The upcoming token launch is another step in cementing this vision.
Investor Insights
Yuki Kanayama, a representative from MZ Web3 Fund, shared his optimism regarding ZTX’s distinct place in the Web3 metaverse space. The fusion of digital asset dynamics in the metaverse, combined with Web3 technology, is particularly promising. Another voice of support came from Stephen McKeon of Collab+Currency, who highlighted ZTX’s unparalleled expertise and the platform’s potential in providing a unique infrastructure for diverse NFT projects.
Genesis and Future Roadmap
Originating in 2022, ZTX is the brainchild of a partnership between Jump Crypto and ZEPETO. The company has been relentlessly crafting its ecosystem’s components. Recently, ZTX unveiled its maiden Playtest – an exclusive beta test phase of its imminent 3D platform. Additionally, in collaboration with Dust Labs, ZTX launched the Partner Wearables initiative, designed to foster the development of 3D assets enhancing open-world narratives. As part of its near-future plans, ZTX will roll out its Genesis Home Mint. This collection comprises 4,000 uniquely crafted 3D District Homes, promising holders manifold benefits. For a more detailed peek into this initiative and ZTX’s larger vision, their official Twitter and website are the go-to resources.
The hefty funding and enthusiastic backing from industry stalwarts is a testament to ZTX’s robust potential. As Web3 continues to reshape our digital experiences, platforms like ZTX, which harmoniously meld the strengths of Web2 and Web3, are poised to lead the charge. Their upcoming projects and collaborations suggest a promising trajectory, cementing ZTX’s place at the forefront of the evolving Web3 creator infrastructure.
