The Former TikTok head of gaming launched a new blockchain-based startup that will focus on gaming and will be dubbed Meta0 so let’s have a closer look at our latest cryptocurrency news.
TikTok is one of the fastest-growing platforms of 2022 but the former TikTok head of Gaming will focus on something blockchain-related, dubbed Meta0. Jason Fung announced he left TikTok to launch a new startup focused on blockchain video games. Fung said that he left his comfortable corporate life at the company to take a huge risk by launching his own startup. However, as an enterprise tech executive with a background of working for large companies in the gaming industry, he wanted to brign some new solutions to video game developers.
According to reprots, Fung will have an extensive set of responsibilities like the expansion of Meta0 as w whole ecosystem of game developers, channel partners, and blockchains running on the Meta0 Layer-0 protocol which is similar to what Polkadot wants to be. He will direct the fundraising campaigns, strategic decisions, and partnerships as well. The idea behind Meta0 is to provide greater interoperability across the blockcahin networks so that the developers don’t have to be forced to choose a smaller group of blockchains to carry out the projects:
“Right now, if you look at any developer when they implement NFTs or blockchain in their games, they have to choose a single blockchain, be it Polygon or Solana or Binance Smart Chain. But imagine a more interoperable option.”
In another interview, Fung said he left TikTok to cover one of the most common problems in the NFt space which is the lack of properly accessible blockchain infrastructure for developers:
“I left TikTok because I saw a clear opportunity to offer a solution to the current segregated nature of infrastructure options available to developers looking to build blockchain games.”
Like most startups in the crypto space, Meta0 will raise the funds by issuing tokens and negotiating with venture capitalists as well as strategic investors. Animoca Brands, Binance, and 16Z are some of the names that come to mind when discussing Web3 developments. Even though the interest in blockchain games dropped after the collapse of the crypto market, the industry still has a very eager community to find a project or to rebound in crypto prices to invest in video games once again.
Play-to-earn games such as Plant vs Undead and CryptoBlades became quite popular and turned into the main source of income for families in Venezuela, Argentina, and the Philippines. Crypto games attract big money and even MEtamask as one of the most popular wallets, had major peaks in terms of new accounts due to the boom in crypto games.
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