METAZ HOLDINGS, Crypto — The United States of America is home to MetaZ Holdings, whose flagship product is the website metaz.io. Their Korean subsidiary, MetaZ.inc, is responsible for running this service. In the world of secondhand sneakers, it is common known that meta[Z] was the first company to implement web 3 NFT. Earlier today, MetaZ Holdings announced that it has received a Series A Investment from Pinewood Capital.
Trading sneakers for cash is become a typical form of investment among millennials and Gen Zers. The size of the resale market has grown rapidly in recent years, with the American market becoming increasingly important. The quick growth of the secondhand sneaker business in Korea can also be attributed to the massive sums of money being invested in the industry.
On a market known as meta[Z], users can buy and sell NFTs, or tokens that can’t be used to buy or sell anything else. Custody is a feature on the site that allows non-monetary gifts (NFTs) to be provided in exchange for footwear. However, only shoes that have undergone an authentication process are eligible for this service. The company was able to considerably cut the buying charge to zero and the sales cost to three percent because trading in NFTs does not involve physically swapping sneakers with each other.
The launch event for the system was NFT NYC 2023. As a result of the event’s recognition as a brilliant case example of NFT application and the attention it garnered, they are currently in talks with a number of venture capitalists and investors. “Taking this investment as an opportunity,” said Brandon Choi, co-CEO of MetaZ Holdings, “we will stabilize the service by strengthening technical aspect and proceed with service expansion as planned by taking marketing plans into action.” We expect this to lay the framework for game-changing developments in asset investment services.
Because of this, the site increased profits for sneaker traders while decreasing their transaction fees. Sneaker collectors may safely transport and examine their sneakers as often as they like, ensuring that their sneakers maintain their pristine condition at every stage of the trading process. In the near future, they will also launch a service called De-Fi, which is set to provide a new level of innovation to the business of investing in and financing sneakers.
