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ZTX is a company formed from a collaboration between Jump Crypto and Zepeto. Based out of Singapore, the company was founded in 2022 and has been developing its ecosystem of virtual worlds, metaverses, and other Web3-related endeavors and accessories.
The platform that is being developed by ZTX is a blockchain-based metaverse. The platform is a 3D open world where users can create, interact, and trade digital assets. Users can create a customized life in ZTX's metaverse with their own avatar, land, and house.
In July 2023, ZTX launched a private beta test of the platform called Playtest. Later in the same year, the company launched the second version of Playtest, which was open to everyone. Users can create ZTX accounts that are Web3 wallets to manage their avatar and land in the metaverse. After creating an account, users can create an avatar using the platform's selfie feature and then explore, socialize, play games, and attend virtual events with that avatar.
Early supporters of ZTX had access to the genesis mint of ZTX District Home non-fungible tokens (NFTs) in August 2023. The pre-sale took place on Ethereum, and the second phase of the sale was an OpenSea mint that took place on Arbitrum. There were 4,000 NFTs available that could be customized and leveraged as an asset in the ZTX metaverse for benefits such as unlocking game perks.
ZTX has a native utility token for its metaverse called $ZTX. It was launched on October 16, 2023. Users need it to complete some functions in the ZTX metaverse, such as governance participation, in-game utility, and transactions that take place on the platform.