Jeff World

Jeff World is a South Korean seed-stage company, founded in 2022, that is developing a user-participating metaverse platform. The platform, built on Unity's Data-Oriented Technology Stack (DOTS), allows users to create and customize avatars and spaces, engage with content, and receive rewards in the form of $JEFF tokens. This technology is designed to support over 3,000 concurrent users in a single space, with the potential to scale to hundreds of thousands.

The business model centers on creating a sustainable, decentralized ecosystem where users contribute to the world's expansion through activities and receive rewards that can be used within the platform or for real-world consumption. Revenue streams include taxes on in-world activities, which are distributed to landowners, and advertising profits from community engagement. Land NFTs are a key component, providing owners with exclusive content, such as the ability to grow and sell virtual crops, and a share of the platform's tax revenue. The company also fosters brand collaborations, which result in permanent virtual storefronts and content within the metaverse, connecting the platform to the real-world economy.

Jeff World has completed two seed funding rounds, the first on April 1, 2022, and the latest on January 19, 2023, for an undisclosed amount. Its institutional investors include Exponential.io, Joy City, and Dexter Studios. The company's CEO is Kyungtak Roh.

Keywords: metaverse platform, blockchain technology, user generated content, virtual reality, decentralized autonomous organization, NFT, crypto rewards, digital assets, play-to-earn, virtual economy, avatar customization, Unity DOTS, seed stage, entertainment software, web3, virtual real estate, $JEFF token, creator economy, digital community, brand partnership