The web3 metaverse and creator platform, ZTX, has recently concluded a highly successful $13 million seed round, led by renowned crypto investment firm, Jump Crypto. This significant milestone signifies a major leap forward for ZTX, as it attracts investments from prominent players in the web3 investment space such as Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group. The Co-CEO of ZTX, Chris Jang, expressed his enthusiasm, stating, “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.”
The success of the fund-raising round not only reflects investors’ unwavering confidence in the future of web3 metaverses but also serves as a testament to their belief in ZTX itself. The team’s remarkable achievements in the web2 metaverse world have undoubtedly contributed to this strong show of support. ZTX’s legacy web2 business, ZEPETO, currently ranks as the fourth largest metaverse platform globally, boasting an impressive user base of over 400 million lifetime users, following closely behind Roblox, Fortnite, and Minecraft. Additionally, ZEPETO has forged strategic partnerships with esteemed brands like Gucci and Starbucks, further solidifying its position in the market.
Furthermore, the ZTX team comprises veterans from renowned companies such as Apple, Roblox, Epic, and EA, alongside experienced builders from successful web3 ecosystems like Cosmos, Flow, and Solana. Yuki Kanayama, a General Partner at MZ Web3 Fund, expressed their belief in ZTX’s unique potential, stating, “We believe that ZTX has the potential to create a unique world, setting it apart from all other Web3 metaverse projects. The ZTX team’s expertise in both the metaverse and Web3 is exceptional, and we have high expectations for their future endeavors.”
Collab+Currency Partner, Stephen McKeon, highlighted the fund’s unwavering commitment to backing visionary teams utilizing decentralized technology to shape the next generation of consumer products. McKeon stated, “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.”
Despite being founded in 2022 through a collaboration between Jump Crypto and ZEPETO, ZTX has wasted no time in advancing its product and making its mark on the web3 industry. The platform has already launched its Playtest, an exclusive beta version of its forthcoming 3D metaverse platform available to select invitees. Furthermore, ZTX has joined forces with Dust Labs, a prominent web3 startup, to develop the technology behind the y00ts and DeGods digital collections. This partnership aims to create ZTX Partner Wearables, allowing users to easily create 3D assets for utilization in open-world metaverses. In the near future, ZTX plans to launch its first Genesis Home Mint, featuring a collection of 4,000 original 3D metaverse homes based on ZTX.
ZTX’s recent $13 million seed round, led by Jump Crypto, marks a significant milestone in the evolution of web3 metaverses and creator platforms. The overwhelming support from esteemed investors highlights their enduring faith in the future of the web3 industry and their recognition of ZTX’s potential to revolutionize the space. With its impressive team of industry veterans and strategic partnerships, ZTX is poised to create a groundbreaking new world that sets itself apart from other web3 metaverse projects. The platform’s dedication to providing a creator-focused infrastructure layer and its upcoming product launches demonstrate its commitment to reshaping the way creators and users interact with the metaverse. As ZTX continues to forge ahead, it is well-positioned to usher in a new era of web3 metaverses.
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