{"id":14332,"date":"2021-11-30T15:35:23","date_gmt":"2021-11-30T14:35:23","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=14332"},"modified":"2021-11-30T15:35:35","modified_gmt":"2021-11-30T14:35:35","slug":"softbank-plans-to-invest-150-million-in-zepeto","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/softbank-plans-to-invest-150-million-in-zepeto\/","title":{"rendered":"SoftBank plans to invest $150 million in the female-dominated Metaverse Platform-Zepeto"},"content":{"rendered":"\n
SoftBank, a Japanese multinational conglomerate holding firm set to invest $150 million in the South Korean Metaverse platform Zepeto dominated by females<\/h5>\n\n\n\n
\"SoftBank
SoftBank plans to invest $150 million in the female-dominated Metaverse Platform-Zepeto<\/figcaption><\/figure>\n\n\n\n

Softbank to invest $150 million into Zepeto<\/h2>\n\n\n\n

According to reports, Softbank, a Japanese multinational conglomerate holding firm, is the latest company to join the Metaverse mania\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. According to a report in the Wall Street Journal, the company is in talks to invest $150 million in the South Korean Metaverse platform Zepeto.<\/p>\n\n\n\n

*SoftBank to Invest $150 Million Into Metaverse Platform Zepeto, Companies Say<\/p>

\u2014 *Walter Bloomberg (@DeItaone) November 30, 2021<\/use><\/svg><\/span><\/a><\/p><\/blockquote>\n\n\n\n

Zepeto is one of South Asia's fastest-growing Metaverse platforms, with over 2 million daily users. Users can create a digital avatar by scanning a photo and then exploring the metaverse while communicating with other users. Females aged 13 to 24 account for 70% of the platform's users, making it one of the few platforms dominated by females.<\/p>\n\n\n\n

\u201cWe\u2019re probably the world\u2019s largest virtual fashion marketplace,\u201d said Rudy Lee, the chief strategy officer at Naver Z Corp., a subsidiary of the South Korean internet giant that operates Zepeto.<\/em><\/p><\/blockquote>\n\n\n\n

In their most recent quarter, Zepeto recorded 47 million users on its network, making it one of the busiest metaverse sites. With Softbank's $150 million investment, the company would be valued at over $1 billion, making it one of the first metaverse unicorns. <\/p>\n\n\n\n

Apart from Softbank, South Korea's HYBE Co., which manages the popular K-pop group BTS, is slated to invest approximately $41 million in the metaverse platform as part of the Series B fundraising round.<\/p>\n\n\n\n

Projects in the Metaverse are Increasing <\/h2>\n\n\n\n

The Metaverse ecosystem has become the most recent breakout use case from the crypto realm, with major conventional financial organizations exhibiting a lot of interest in it. <\/p>\n\n\n\n

Facebook<\/use><\/svg><\/span><\/a>, the social media behemoth whose initial cryptocurrency endeavor flopped before it even got off the ground, has undergone a major rebranding and will now be known as Meta.<\/p>\n\n\n\n

Sandbox (SAND<\/a>) and Decentraland (MANA<\/use><\/svg><\/span><\/a>), both metaverse tokens, were among the top gainers in November. SAND and MANA gained 10X and 7X in the last 30 days, respectively, at a time when the majority of the crypto market was in the red and had lost nearly 20% of their value to bears.<\/p>\n","protected":false},"excerpt":{"rendered":"

SoftBank, a Japanese multinational conglomerate holding firm set to invest $150 million in the South Korean Metaverse platform Zepeto dominated by females Softbank to invest $150 million into Zepeto According to reports, Softbank, a Japanese multinational conglomerate holding firm, is the latest company to join the Metaverse mania . According to a report in the […]<\/p>\n","protected":false},"author":29,"featured_media":14334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,21],"tags":[5622,5620,5621,5618,5619],"class_list":["post-14332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-news","tag-mana-2","tag-metaverse-2","tag-sand","tag-softbank-2","tag-zepeto"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/SoftBank-plans-to-invest-150-million-in-the-female-dominated-Metaverse-Platform-Zepeto.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=14332"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/14332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/14334"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=14332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=14332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=14332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}