Jason Fung, former head of TikTok’s gaming division, has announced that he is launching a blockchain gaming startup called Meta0 to allow the transfer of non-fungible tokens (NFTs) between different blockchains.
TikTok’s Ex Gaming Unit Head Introduces Meta0
In a recent interview, Jason Fung announced the launch of Meta0 as one of two co-founders and would serve as the C.E.O. of the company. Meta0 launches with six staffers at present, but no further details were given.
Fung said he left the social media giant TikTok after seeing an opportunity to offer a solution to the current disconnected infrastructure options available to developers looking to build blockchain games.
Meta0 Looks to Change Blockchain Gaming
Jason Fung says he launched Meta0 to make blockchain integrations easier for game developers. Meta0 will provide developers with white-label application programming interfaces (API) and software development kit-based solutions.
"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,"
Fung revealed that Meta0 had closed its first investment round but did not disclose the amount raised. However, he adds that Meta0 still looks to raise further capital through token offerings, venture firms, and strategic investors.
On The Flipside
- Lawmakers have asked the F.T.C. chair to investigate TikTok’s data practices, as it may pose a threat to national security.
Why You Should Care
Bringing interoperability to blockchain gaming will allow developers to leverage the benefits of multiple blockchain networks simultaneously and create better games.
Read our guide to get started with blockchain gaming;
GameFi: Everything You Need to Know About the Play-to-Earn Gaming Economy
Find more details about other companies making gaming & NFT moves below;
Rainmaker Games Announces the First Cross-Chain, GameFi-Exclusive NFT Marketplace
Square Enix Changes Strategy to Focus on Web 3.0 Gaming & NFTs