TikTok’s former gaming head launches startup Meta0 focused on Blockchain gaming

The former head of TikTok’s gaming unit Jason Fung has recently announced that he is launching a blockchain-based video gaming startup, Meta0. 

According to Fung, he left TikTok’s comfortable corporate life to take a big risk with the launch of Meta0. He aims to bring new solutions to Blockchain-based video game developers with his experience in extensive work for big firms in the gaming industry. 

The former tech executive will have an extensive set of responsibilities in the new company, including Meta0’s expansion as a whole ecosystem for game developers, channel partnerships, and 1/L2 blockchains running on Meta0 as a Layer 0 protocol. He will also be responsible for fundraising campaigns, partnerships, and other management and strategic decisions.

Even though the collapse of the crypto market has significantly reduced interest in blockchain games, the sector still has a highly active community that is keen to find a new project or a recovery in crypto prices to invest in their preferred video games once more.

Meta0 to increase interoperability among blockchain networks

Fung explained that the goal of Meta0 is to increase interoperability between the various blockchain networks so that developers are not limited to using only a few of them for their projects. 

During another recent interview, TikTok’s former employee said that he left the video hosting giant to solve one of the most common issues in the NFT gaming industry — the lack of proper blockchain infrastructure access to developers. He stated:

“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.”

Despite the eruption in NFT and blockchain games in 2021, the crypto gaming sector had already registered over $2.5 billion by Q1, 2022. It should be highlighted that the larger gaming market is a behemoth in comparison to the more specialized crypto gaming industry. In February, FTX US hired software developers for its blockchain and gaming unit, as TheCoinRise reported.