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Prominent South Korean metaverse platform Zepeto is expanding into the blockchain space with its ZTX (ZepetoX) initiative, created in partnership with Jump Crypto—and today, ZTX announced a $13 million seed round led by its venture capital partner.
The Jump Crypto-led round includes other investors such as Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group. Valued at over $1 billion, the mobile-first Zepeto is billed as Asia’s largest “Web2” metaverse platform by active user metrics, and the fourth-largest metaverse platform globally behind the popular games Roblox, Fortnite, and Minecraft. Owned by Korean tech group Naver, Zepeto says that it has attracted over 400 million users since its launch in 2018. Source: Decrypt
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