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SoftBank Invests $150 Million in South Korean Metaverse App

By
Juro Osawa
· · Source: The Wall Street Journal

SoftBank Group is investing $150 million in Zepeto, a South Korean metaverse app where users build their avatars, purchase virtual fashion items and interact with each other, in a deal that values the company at more than $1 billion, The Wall Street Journal reported. Zepeto, which is operated by a subsidiary of South Korean internet giant Naver, has gained popularity mainly among young female...

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