Former Tik-Tok game manager launches blockchain startup

Blockchain games have been one of the hottest topics in the industry for a while. And that was the reason why there has been a huge influx of capital into the metaverse. Many metaverse companies sold land and other NFTs for gaming purposes. The hype has ended as some big names have joined the club. The latest in it is the former Tik-Tok game manager, Jason Fung, who has quit his job to join the new venture.

He has made this decision due to the huge influx of customers to this market. Since there was a need to fill the gaps and bring improvements, Fung’s decision will help. Reuters first revealed the news when they conducted an interview with him.

Here is a brief overview of Fung’s decision to quit Tik-Tok, helped found a new company, and how it will affect the market.

The growing influx of investors into blockchain games

Customers’ growing interest in blockchain games is huge, but venture companies have preferred not to take major risks. Although some startups like Shiboshi and others went to launch opportunities for players, there has been no significant change. The growth of this technology has also resulted in the addition of significant intellectual investment. While interoperable games between different blockchain systems are few that need improvement.

Jason Fung had all these factors in mind while keeping an eye on the holes in the market for a while. Interestingly, there was little effort from companies to take the initiative to fill this gap and make this industry more innovative. The heavyweights in the market have been reluctant to take decisive steps to transform this market.

Jason Fung has had about two years with Tik-Tok, but as it grew into a multi-billion dollar company. Tik-Tok and its Chinese owner ByteDance have benefited greatly and have a $ 300 billion stake in the global gaming market. As Fung has made this decision, it will bring Meta0 expertise and capital to develop the industry.

Meta0: Launch of blockchain game launch

In an interview with Reuters, Jason Fung said that he has co-founded Meta0, which will offer blockchain gaming services. It will be a startup that will offer players services such as trading digital assets such as NFTs between players. He said that the main reason he quit Tik-Tok was the opportunity to fill gaps and offer solutions to the segregated gaming community. He also expressed hope to develop infrastructure for new generation games.

He said that the main problem he sees with the development of blockchain games is the choice of a single blockchain that the developer must take. He envisions making it more interoperable, providing various options to developers and users. Fung said that quitting a comfortable job at Tik-Tok was a big risk and instead choosing a new venture. Time will tell if his decision to quit Tik-Tok and join Meta0 was right.

There are six members of Meta0, while there are two founding members. According to Fung, they have completed the first round of financing. He did not reveal details about the other basic member, but he said they would soon issue tokens to raise money. They will also look for funding from venture capitalists and strategic investors.

Conclusion

The game manager for Tik-Tok, Jason Fung, has left the company while he was helping to found a new venture. There is a blockchain gaming company called Meta0, which will try to innovate blockchain gaming. According to the available updates from Fung’s interview with Reuters, they have completed the first round of fundraising. They will try to fill gaps in the market by using the available opportunities.