Former CEO of TikTok Gaming launches new Blockchain Gaming startup
Jason Fung, the former head of TikTok gaming, left the fastest growing social media platform. After he quit, the ex-boss rolled out his new startup on Blockchain games. Through his announcement on July 5, Fung stated that he was leaving TikTok to facilitate the launch of MetaO.
He explained that MetaO is a startup that focuses on blockchain video games. According to Fung, his dismissal from TikTok was born of the desire to create lasting solutions for the development of video games. With his background and experience in the gaming industry, he believes he can bring positive change.
Through an interview, Fung has also stated that he left TikTok to deal with some problems in the NFT gaming sector. He pointed out that there is not enough blockchain infrastructure for developers to access easily. For him, it is an open opportunity to overlap with his technological abilities.
In a further overview of his work, Fung revealed, through one of his PRs, some of his responsibilities. First, he will ensure MetaO expansion in creating the right ecosystem suitable for game developers and channel partners.
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He would monitor various strategic decisions such as leading fundraising campaigns, facilitating profitable collaborations and others. He also wanted to imitate the recent move from the Polkadot network in innovative development. This means initiating the operation of L1 / L2 blockchains on MetaO as a Layer-0 network.
MetaO will create interoperability for the functional Blockchain gaming industry
Speaking about the motivation behind the launch of MetaO, Fung mentioned that he plans to create a bridge through interoperability. With his new project, game developers will not be limited to a few platforms.
Since MetaO could connect to multiple blockchains, users would have many options for operating efficiently. He cited cases where NFT and game developers are bound to use only a single blockchain such as Binance Smart Chain, Solana or Polygon.
MetaO will follow the sequel to the second start-up of cryptocurrency. It would address symbolic issues to raise funds and engage appropriate strategic investors and capitalists through negotiations. Some key players in Web3 development include Animoca Brands, Binance, Kardia Ventures, Consensus Lab and a16z.
Despite the recent downturn in the crypto market that has affected blockchain gaming, there are still active communities in the industry. Furthermore, registrations show a massive explosion in 2021 for blockchain and NFT games.
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A similar upward flow was identified during the first quarter of 2022 for the cryptocurrency industry when it recorded more than $ 2.5 million. Some games to make money like CryptoBlades, Axie Infinity, Mir4 and Plant vs. undead has received more attention.
In countries such as Argentina, Venezuela and the Philippines, some players use the games as their primary source of income.
Featured image from Pexels, chart from TradingView.com
