Web3 Sneaker Resale Platform MetaZ Secures $1 Million Dollar Investment

MetaZ Holdings has just secured a Series A Investment from Pinewood Capital to further develop their Web3 sneaker resale platform. If you haven’t heard of Meta[Z] yet, it’s a marketplace where sneakers are traded as non-fungible tokens (NFTs), allowing owners to trade collectable sneakers without damaging them or needing to physically transport them to maintain their value.

MetaZ made its debut at NFT NYC 2023 and caught the eye of several investors, including Pinewood Capital. The platform is operated by MetaZ’s Korean subsidiary MetaZ.inc, and is capitalizing on the growing demand for sneaker trading, which has become a popular mode of investment for younger generations. The market has already gained traction in Korea’s resale market and is now looking to expand into the US.

With this latest investment, MetaZ hopes to continue building on this innovative idea. Brandon Choi, co-CEO of the company’s holdings firm, stated that the investment will be used to stabilize the service by strengthening the technical aspects and expand the service through marketing plans. He added that this will “lay the foundation for leading asset investment service innovation.”

For those unfamiliar with NFTs, they are digital assets that are verified using blockchain technology, making them unique and unable to be replicated. This makes them ideal for trading rare and valuable items such as sneakers. MetaZ is tapping into this trend and allowing sneaker collectors and investors to trade their valuable sneakers without the risk of damage or loss during transportation.

So, whether you’re a sneaker enthusiast or an investor looking to diversify your portfolio, MetaZ may be worth checking out. With the backing of Pinewood Capital and their one million dollar pre-seed investment, MetaZ is poised to continue disrupting the sneaker and investment industries.