According to reports, Jason Fung, the former head of TikTok’s gaming division, is about to start Meta0, a blockchain games startup, as its CEO. Jason Fung, a 34-year-old co-founder of Meta0, left just as TikTok and its parent company ByteDance were planning to enter the blockchain games market.
The blockchain games startup ‘Meta0’ will interconnect a Layer 0 protocol with metaverses as an interoperability protocol.
“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,” says Fung.
“We’ve built a protocol for game developers, and we take a flexible, blockchain-agnostic approach to their game development,” Fung says.
At Meto0, Jason Fung will focus upon building the partner ecosystem including game developers, channel partners, plus L1/L2 blockchains.
“With a protocol that we’re developing, developers can easily build their game-leveraging strengths of different blockchains, and allow the user the flexibility of transferring their NFTs cross-chain,” Fung reasons.
While at TikTok, Jason Fung contributed considerably in its gaming expansion initiatives. TikTok designated Fung as its global head of strategy to deepen the content of its games and test fresh features.
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Jason Fung’s Meta0 has succeeded in securing the first round funding, says Fung. Up next Meta0 shall issue tokens, approach venture capitalists, and strategic investors for funds.
The global gaming market is worth $300 billion. As per Drake Star Partners’ April report, a record $1.2 billion were raised in the Q1 by the blockchain gaming industry.
