Zoop Secures $15M and Partners with Ready Player Me Ahead of Global Platform Launch on Hedera

Ready Player Me will provide interoperability between Zoop’s avatars and compatible games and apps.
Image source: Business Wire

Quick take:

  • Zoop is created by former OnlyFans execs RJ Phillips and Tim Stokely.
  • The digital celebrity collectibles trading platform is built on enterprise-grade public ledger Hedera.
  • Talent on the platform receives 70% of revenue from all sales generated through Zoop.

Zoop, the digital celebrity collectibles trading platform created by former OnlyFans founder RJ Phillips and former OnlyFans CEO Tim Stokely today announced that it has raised $15 million in grants and investments on the back of an oversubscribed seed round.

Along with this announcement, the platform has partnered with Ready Player Me, a metaverse avatar platform, to provide interoperability between Zoop’s avatars and compatible games and apps.

Through the partnership, celebrity avatars, the cornerstone of Zoop’s platform, can be used by fans in 4K+ supported apps and games across multiple metaverses. As the partnership evolves, game developers will also be rewarded for the time users spend on their games.

In May, Zoop announced that it would be powered by Polygon. However, the platform is now launching on enterprise-grade public ledger, Hedera, to support secure transactions and processing. The network was chosen for its speed and performance, low fees, and sustainability practices, including a negative carbon emissions policy.

“With over a decade of experience in community-building, it has always been clear to us that today’s most engaged, active communities are built online,” said RJ Phillips, co-CEO of Zoop. “The advent of web3 has only served to further those connections, and we can now use the digital world to bridge the physical and create real-life experiences. We are grateful for the support of our partners at the HBAR Foundation and Ready Player Me to help us realize our ultimate goal of fostering connection and creating immersive experiences between fans and their favorite celebrities.”

On Zoop, users can simply access the dashboard to buy, swap and sell collectibles, as well as play in-platform games to unlock exclusive access to content and communities. Talents who join Zoop’s celebrity program receive 70% of revenue from all sales generated through the platform while building a direct connection with fans. 

No prior knowledge of Web3 or the metaverse is needed to access Zoop. The platform will launch globally on Hedera in November. 

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