ZTX, a Singapore-based Web3 virtual world and creator platform, has announced raising $13 million in its seed funding round anchored by Jump Crypto, the cryptocurrency arm of proprietary trading firm Jump Trading.
The startup, founded in 2022, said the funding round was also participated by Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group, among others.
ZTX is the joint blockchain initiative of US Web3 investor Jump Crypto and ZEPETO, the largest avatar social network in Asia with over 400 million lifetime users.
The Singapore-based startup said has been actively building the components of its ecosystem. Last month, it introduced its first Playtest, a private, invite-only beta test of its upcoming 3D open-world platform.
It has also collaborated with Dust Labs, a Web3 startup powering the technology behind the DeGods and y00ts digital collections, to launch the ZTX Partner Wearables, a community-centric initiative in which ZTX provides tools to IP partners to facilitate the creation of 3D assets.
“With a vision to create a metaverse for all, we are building an immersive 3D open world where users can make and trade digital assets and enjoy social interaction,” the startup said on its website.
ZTX said it will be launching its inaugural Genesis Home Mint, a collection of 4,000 3D District Homes that will provide holders with benefits such as becoming a member of one of the four Districts — Arts, Financial, Fashion, Games — alongside special access to future drops, events, and enhanced gameplay in ZTX.
“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 emphasise the commitment that our investors, just like our team, have toward our vision to provide an infrastructure layer to creators,” said ZTX co-CEO Chris Jang.
Jump Crypto, the leading investor in the seed round, also recently led the $5-million seed funding in Chinese bitcoin wallet Xverse. It has also invested in fintech firm FOMO Pay and defi and crypto exchange AscendEX.