Singapore’s ZTX received $13 M funding to advance Web3 creator infrastructure

The $13 million seed round, led by Jump Crypto, has been successfully closed by Singapore’s Web3 virtual world and creator platform ZTX.

According to a statement released by ZTX on Tuesday, notable investors also included Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and others.

It claimed that the market’s recognition of the project’s significant potential within the Web3 space and the team’s unique advantages, including the more than 400 million lifetime users that its legacy Web2 business ZEPETO has attracted, is reflected in the investors’ confidence in ZTX.

ZEPETO has hundreds of ongoing strategic partnerships with brands like Gucci, Starbucks, and the K-Pop girl group BLACKPINK. According to active user metrics, it is the fourth largest metaverse platform in the world after Roblox, Fortnite, and Minecraft.

The ZTX team will reportedly build on these already-existing resources to support a wider adoption of Web3 by audiences around the world.

With seasoned builders from Cosmos, Flow, Solana, and other notable Web3 ecosystems joining forces with senior veterans from Apple, Roblox, Epic, EA, and other Web2 giants, ZTX has high ambitions to advance the Web3 infrastructure for creators in 3D, immersive environments.

“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,” said Chris Jang, the Co-Chief Executive Officer of ZTX.

Yuki Kanayama, general partner of MZ Web3 Fund, also stated that the company thinks ZTX has the potential to create a distinctive world that would set it apart from all other Web3 metaverse projects.

“The seamless integration of digital asset creation and trading in the metaverse with Web3 technology is truly exciting, making their application within Web3 applications a natural fit,

“Moreover, the ZTX team’s expertise in both the metaverse and Web3 is exceptional, and we have high expectations for their future endeavors,” he added.

Jump Crypto and ZEPETO collaborated to launch ZTX in 2022.

ZTX has been actively developing the elements of its ecosystem ever since it was founded.