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Former TikTok Exec Launches Blockchain Gaming Company

On July 5th, Jason Fung, the former head of TikTok’s gaming unit, announced he would be launching a blockchain gaming start-up company. This comes after Fung told Reuters that he left TikTok “after seeing an opportunity to offer a solution to the current segregated nature of infrastructure options available to developers looking to build blockchain games.”

“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 told Reuters. “So we decided, let’s do it. Let’s co-found this company. Let’s give up my cushy corporate life at TikTok and take a giant risk.”

The company has been named Meta0. This organization aims to allow devs to take advantage of the strength of different blockchains in order to build better web3 gaming experiences.

According to Yahoo! Finance, Meta0 has already closed its first investment round. However, the organization is looking to raise more funds through token offerings as well as strategic investments from venture capital firms.

(All information was provided by Reuters and Yahoo! Finance)

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