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SoftBank invests $150 million in South Korean metaverse platform Zepeto

Zepeto, a fashion metaverse ecosystem developed by South Korea’s Naver Corp, has secured a $150 million investment from SoftBank. According to the Wall Street Journal, the investment is part of a Series B funding round that puts the metaverse platform’s value at north of $1 billion. Launched in 2018, Zepeto is among several emerging metaverse ecosystems in South Korea and. The WSJ reports that the platform attracts more than 2 million active daily users and it’s mostly popular among females …