ZTX Receives $13M Seed Funding For Web3 Creator Infrastructure Development

ZTX, a Web3 virtual world platform, confirmed the completion of its $13M seed funding round. Leading the investment was Jump Crypto joined by Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group and several others.

The investment in ZTX highlights the potential seen in the platform, especially when considering its roots. Originating from the Web2 business ZEPETO, which has more than 400 million lifetime users, ZTX has a solid foundation.

For context, ZEPETO ranks as the fourth-largest metaverse platform, sharing the space with industry leaders such as Roblox, Fortnite and Minecraft, and its collaborations span from high-end brands such as Gucci to entertainment entities like BLACKPINK.

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ZTX's Aim — Merging Web2 and Web3: With a diverse team comprising experts from tech behemoths such as Apple and Roblox, as well as specialists from Web3 ecosystems like Cosmos and Solana, ZTX's goal is clear. The platform seeks to enhance the Web3 infrastructure, focusing on creators in 3D environments.

"We've been working diligently over the past year, preparing for our upcoming token launch. Our primary objective is to establish a robust infrastructure for creators in the Web3 space," Chris Jang, co-CEO of ZTX, said.

Yuki Kanayama of MZ Web3 Fund added that ZTX's approach to integrating digital asset creation with Web3 technology in the metaverse is noteworthy. He highlighted the team's combined expertise as a significant factor in their potential success.

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ZTX's Journey in the Web3 Domain: Stephen McKeon from Collab+Currency commented on the investment: "We see value in teams that harness decentralized technology for future consumer products. ZTX's focus on providing tools for creators in the Web3 domain aligns with this vision."

Established in 2022 as a collaboration between Jump Crypto and ZEPETO, ZTX has been steadily building its ecosystem components. Notably, the platform recently introduced its first Playtest and collaborated with Dust Labs, a prominent Web3 startup. This partnership led to the ZTX Partner Wearables initiative, which provides tools for the creation of 3D assets in expansive digital environments.

ZTX is also preparing to release its Genesis Home Mint, a collection of 4,000 distinct 3D District Homes. These homes will offer various benefits to holders, from memberships in specific Districts to access to exclusive ZTX events.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Courtesy ZTX