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ZepetoX (ZTX) is one of the most exciting new web3 projects to come out of Asia. This metaverse platform hopes to combine the popular ZEPETO social media platform with blockchain technology. It has the potential to turn the largest metaverse in Asia into a highly profitable and interesting web3 space. Interested in finding out more about this new project? Explore this guide to see ZepetoX's history and discover what it has planned for the future.
Key Takeaways:
ZTX is a web3 initiative that aims to create an immersive, 3D metaverse with asset creation and social interactions. It lets users monetize their own creations and trade land, clothes and other NFTs in a digital marketplace.
ZTX is a joint project between Jump Crypto and ZEPETO. ZTX recently launched its Genesis Home NFT collection in collaboration with OpenSea.
Looking to trade ZTX tokens? Bybit now offers the ZTX/USDT Spot trading pair for trading. To celebrate this listing, Bybit is holding two exclusive events where you can earn a share of the 10 million ZTX prize pool!
ZTX, also known as ZepetoX, is a web3 initiative that aims to create an immersive, 3D metaverse with asset creation and social interactions. The platform lets users monetize their own creations and trade land, clothes and other NFTs in a digital marketplace.
ZepetoX is a joint project between Jump Crypto and ZEPETO. The latter is a South Korean social media site with over 400 million lifetime users and 20 million active monthly users. On ZEPETO, users can create customizable avatars, socialize with one another and sell branded creations. Top creators on ZEPETO consistently earn six-figure sums each year.
The Web 2.0 social media platform that inspired ZTX contained a digital landscape with a variety of users and customizable elements for users to interact with. However, it lacked a blockchain basis that allows for true privacy, customization and monetization. In 2022, ZEPETO announced that they had partnered with Jump Crypto, one of the leading global blockchain organizations, to build a new version of ZEPETO on the Arbitrum blockchain.
ZEPETO's leadership team founded ZTX in the hopes of introducing their existing audience to web3 concepts. They hope to make the project easily accessible to new users while also including several innovative features not found on other web3 metaverse platforms.
ZTX is far more than just a blockchain version of the pre-existing ZEPETO system. It aims to revolutionize the metaverse community by offering a uniquely entertaining platform. ZTX's creators believe that many previous metaverse projects have failed because they prioritize monetization and price speculation over actual user engagement.
ZTX hopes to become one of the first virtual communities that actually focus on player experience. It wants to offer multiple themed districts for users to explore along with a gamified journey where users build their own environment. Users are encouraged to collect resources and craft assets while also interacting with other players and participating in community events.
Though the focus of this project is user entertainment, it also plans on incorporating many metaverse concepts that are popular with investors. Things like NFT creation and digital marketplaces will provide ZTX with unique ways to make money and empower users to earn their own funds.
The entire ZTX system is run on the Arbitrum blockchain. Blockchain technology is used to identify digital assets, store user identities, pay for in-game features, manage community governance and more. However, ZTX is designed to be accessible even if users are not used to the blockchain space. The entire metaverse platform can be accessed from a convenient web app.
This interface guides users through all of the ZTX features. Users are not required to interact with any crypto-related aspects, from downloading a crypto wallet to learning how to process crypto transactions. Instead, ZTX has created a gamified system where it's intuitive and straightforward to interact with the metaverse.
ZTX is an immersive social platform that includes abroad range of different features. Users have access to all of these exciting options.
Unlike many other metaverses sponsored by the blockchain industry, ZTX is more than just a place for people to stand around and trade digital assets. The gamified system encourages people to plant, nurture and harvest materials that they can then use to make assets. In addition to assets created in ZTX, metaverse users also have access to a variety of sports courts and other mini games that let them earn more tokens.
Your avatar will be your digital representation in the 3D open world. The in-depth avatar builder lets you create a highly customizable character that you can use for social interaction and game mechanics. Through the Avatar Builder, you can select your avatar's looks, cosmetics and wearables. People can make and trade digital assets to get exclusive access to all sorts of clothes and other items.
Districts act as a community with their own distinct style. Players can choose to join one of these four districts.
Games: This district is competitive and futuristic. It involves a lot of tournaments and other game-based events.
Arts: The arts district prioritizes creativity and socialization. It allows for a variety of NFT creations.
Financial: This district is for those who enjoy trading, the blockchain industry, and decentralized finance. Its vibe is sleek and modern.
Fashion: The fashion district focuses on clothes and other types of wearable fashion. It's full of glamor and flair.
ZTX plans on adding more districts as the number of metaverse users expands. These themes will be voted on by community members.
Each district hosts themed events for metaverse users. Player experiences allow people to focus on topics they care about and interact with like-minded individuals. Some examples of the types of experiences that ZepetoX provides include:
Galleries where you can view assets created by others
Hovercraft racing events
Community graffiti displays
Red carpet venues to show off user fashions
Educational kiosks about leading global blockchain organizations
ZTX includes a lot of popular social features. People can make friends, chat with others and link the game to other social media platforms. You can also organize your own events with exclusive access and choose who you want to interact with inside the blockchain space. The open-world design allows people to socialize at their own private properties or within each district's downtown.
Though the entire metaverse platform is not run by the community, the world does incorporate an element of community-run governance. Those who stake ZTX tokens can vote on new rules, regulations and expenditures for ZepetoX. People who own NFT homes within each district can also vote on District guidelines and events.
The first feature that ZTX released was its avatar builder. This allowed users to experiment with creating a digital identity in the metaverse. It then minted Genesis Home NFTs in collaboration with OpenSea, launched a utility token and began to expand the crafting and harvesting systems.
As of October 2023, ZTX is in the early access stage of its road map. It is running a beta version where users can explore Genesis homes and experiment with key gameplay mechanics.
In 2024, ZTX hopes to fully launch the open world. In addition to opening the metaverse ecosystem to more users, its road map also includes additional features such as creating a content creation hub for influencers and integrating events for socialization. These will make the system even more appealing to users.
ZTX is the native token for ZepetoX. ZTX is a governance token, so users who hold the token can vote on concepts like fee structure and treasury spending. It's also used for all the in-game purchases. Buying, selling and trading digital assets can be done entirely through ZTX smart contracts. Finally, ZTX can also be spent to access in-game features such as speeding up crafting times.
ZTX has a total supply of 10 billion tokens which were all generated in a single event on Oct 16, 2023. The tokens were initially distributed as follows:
In-game rewards: 35%
Core team: 16%
ZTX Foundation: 15%
Community fund: 10%
ZEPETO: 9.5%
Investors and advisors: 5.5%
Liquidity reserve: 4%
Genesis airdrop: 4%
Initial ZTX liquidity: 1%
ZTX has locked many of these tokens for a period of one to 12 months to help prevent inflation. To further maintain token value, ZTX also has a buyback and burn program for their tokens.
ZTX just started trading on Oct 16, 2023, and it's already undergone a lot of price changes. The coin first launched for sale at $0.018. Its price then dipped to its all-time low of $0.01183197. ZTX is currently trading at $0.01419802 as of Oct 18, 2023.
Keep in mind that token prices for ZTX will be heavily influenced by the South Korean market. With South Korean crypto currently reported as undervalued, there is a chance for a huge price increase. However, strict crypto regulation in South Korea may cause ZTX's trading volume to be a little lower than expected.
Looking to trade ZTX tokens? Bybit now offers the ZTX/USDT Spot trading pair. To get started with trading ZTX, you’ll need to first establish a Bybit account and fund it with cryptocurrency. Then, proceed to the ZTX/USDT Spot trading page to trade.
In celebration of this listing, Bybit is holding two exclusive events where you can earn a share of the 10 million ZTX prize pool!
The first event is exclusively for new users who don’t have an account with Bybit. Simply complete the following steps between now and Oct 30, 2023, 11:59PM UTC, to receive 2,000 ZTX:
Sign up on Bybit and complete Identity Verification Lv. 1.
Accumulate a deposit volume of at least 100 USDT worth of ZTX, or deposit 100 USDT and buy any amount of ZTX via your first trade using your Bybit account.
As a bonus, users who deposit ZTX tokens before Oct 29, 2023, 11:59PM UTC and submit their UID and Arbitrum wallet address through this form within seven days after the event ends will be able to receive one ZTX Mystery Box NFT.
The second event is for all users who trade ZTX and accumulate a Spot trading volume of at least 200 USDT worth of ZTX between now and Oct 30, 2023, 11:59PM UTC. If you wish to increase your rewards, simply trade more! Please note that rewards for individual accounts will be capped at 10,000 ZTX.
ZepetoX is backed by some very big names in both the blockchain space and the social media world. The original ZEPETO site has millions of users, so there is a built-in fanbase that is likely to create a robust community for the new metaverse. Furthermore, the metaverse has been very carefully designed for playability, so it includes a lot of exciting features and games not found on other platforms.
With all these benefits, ZTX seems likely to be a successful crypto. Just keep in mind that it's always important to invest responsibly. No matter how appealing a project looks, there's always a chance that unforeseen factors can cause issues. Therefore, investors need to avoid overextending themselves while investing in the ZepetoX startup.
ZTX is an exciting new metaverse platform that showcases everything web3 development has to offer. It combines a 3D open world, exciting gameplay and social interaction to create a comprehensive entertainment experience. With its thoughtful design and motivated investors, this immersive social platform is likely to succeed. Even those who aren't interested in taking part in the world can still easily get involved by trading ZTX tokens.
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