ZTX, a Singapore-based Web3 virtual world and creator platform, raised $13 million in seed funding in August 2023.
The round was led by Jump Crypto, with participation from Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and others.ZTX was founded by a team of experienced entrepreneurs and engineers from Zepeto, the popular mobile-first metaverse platform with over 400 million lifetime users.
ZTX aims to build a next-generation virtual world that empowers creators to build, own, and monetize their creations.
Image Credit: ZTX
The funding from Jump Crypto will be used by ZTX to develop its platform and expand its team.
The company plans to use the funding to launch its Genesis Home Mint, a program that will allow creators to mint their own virtual homes on the ZTX platform.
ZTX also plans to use the funding to expand into new markets, such as the United States and Europe.
As more and more people embrace virtual worlds, ZTX is well-positioned to become a leading player in this space.
Here are some additional details about the ZTX funding round:
- The round was oversubscribed
- ZTX plans to use the funding to hire 100 new employees in the next year.
- The company is targeting a Series A round in 2024.
