Jason Fung, former head of TikTok’s gaming unit, announced that he left TikTok to launch Meta0, a startup focused on blockchain video games. Fung claimed that in order to establish Meta0, he had to take the great risk of leaving his comfortable corporate job at TikTok.
However, as a tech executive with a background of extensive work for large companies in the gaming industry, he wanted to bring new solutions to video game developers.
The former Tik-Tok executive said:
“Right now, if you look at any developer when they implement NFT or blockchain into their games, they have to choose one blockchain, be it Polygon, Solana, or Binance Smart Chain. But imagine a more compatible option.”
Jason aspires to lead the cryptocurrency sector in building a blockchain architecture that will allow various metaverse to be linked.
The new startup is currently working on a blockchain technology-based protocol that will allow developers to grow their gaming edge across different blockchains and give the user the flexibility to transfer their NFTs between networks.
Meta0 is currently under the leadership and work of six people and two co-founders. The early-stage company completed its first fundraise round but the raised fund amount has not been disclosed yet.
The crypto market is currently seeing a considerable decline, making it difficult for large crypto enterprises to sustain their operations. However, this condition still presents a significant chance for new entrepreneurs to establish and demonstrate a stronger presence in the more promising stage of this market.