ZTX, a rapidly growing metaverse community within the Web3 platform, has announced a strategic alliance with Frontier Co. Ltd., a prominent distributor of regenerative medicine in Japan. The partnership entails enabling the ZTX token, native to the ZTX metaverse platform, as a payment method for all services offered by Frontier.
Empowering Growth Through Token Utility
By integrating the ZTX token, backed by the ZEPETO community, into its payment options, Frontier anticipates expanding its network in the foreseeable future. Additionally, the company has committed to providing enticing discounts to early adopters of this payment avenue.
Frontier’s Profile and Offerings
Frontier has cemented its presence in Japan by offering comprehensive treatments utilizing cells derived from exosomes. With the acceptance of ZTX tokens, individuals holding ZTX tokens seeking regenerative medicine services for disease treatment or beauty therapy can avail themselves of early discounts at any Frontier outlet.
Leadership Perspectives
Seiichi Tobata, CEO at Frontier, expressed enthusiasm about collaborating with ZTX, citing ZTX’s standing as a premier Web3 project and its popularity among the Japanese populace due to its Web2 legacy platform. Tobata highlighted the excitement surrounding the adoption of crypto in Japan’s medical sector.
Commitment to Future Growth
The partnership underscores ZTX’s commitment to future growth under the leadership of Alexx, Chief Futurist at ZTX. Backed by leading Web3 investors like Jump Crypto and Everest Ventures Group, ZTX raised $13 million in seed funding during the crypto bear market last year. With the increasing mainstream adoption of digital assets and Web3 protocols globally, ZTX aims to forge additional partnerships to fortify its platform’s longevity.
Utility Expansion Through Collaboration
Alexx emphasized ZTX’s mission to empower individuals in reimagining their digital identities, paralleling Frontier’s efforts in physical rejuvenation. The collaboration reflects ZTX’s forward-thinking approach as it seeks diverse partnerships across various geographies and sectors to enhance the utility of ZTX assets.
Impact on Token Liquidity and Utility
The strategic partnership is poised to enhance the liquidity and utility of ZTX tokens. With a fully diluted valuation of approximately $115 million and a daily average traded volume of around $1.3 million, the small-cap altcoin boasts approximately 7.3k holders based on on-chain data. Currently, the ZTX token exhibits liquidity of around $175k in Wrapped Ether (WETH) and other liquidity pools. Frontier’s involvement has the potential to position it as a prominent liquidity provider for the ZTX token, contributing to a bullish outlook for the token’s overall performance.
Conclusion
The collaboration between ZTX and Frontier marks a significant stride in fostering Web3 adoption within the medical sector. By integrating ZTX tokens into Frontier’s payment ecosystem, the partnership not only enhances token utility but also opens avenues for innovative use cases in healthcare, demonstrating the transformative potential of blockchain technology in real-world applications.