Asia’s largest metaverse platform Zepeto ramps up global expansion
Asia’s largest metaverse platform, Zepeto, is stepping up its global expansion as it looks to compete against the Big Tech groups that are betting billions on creating avatar-filled virtual worlds. Owned by Korean tech group Naver, Zepeto has attracted 340mn users since it launched in 2018. The K-pop and fashion-focused avatar platform, which is valued at more than $1bn, has attracted investment from Korean entertainment companies JYP Entertainment, YG Entertainment and Hybe, as well as from SoftBank’s Vision Fund II. He added that Zepeto was popular in Brazil, and that it was working on Turkish and Arab language versions of the platform as part of a push into the Middle East. It comes as groups from Facebook parent Meta to Microsoft are betting billions that the three-dimensional metaverse will become the next big tech platform.
Source
https://t.me/nfts_defi_metaverse
