On July 5, Jason Fung, former head of TikTok’s gaming unit, introduced that he left TikTok to launch Meta0, a startup targeted on blockchain video video games.
Fung mentioned he left “his comfortable corporate life” at TikTok to take a “gigantic risk” by launching Meta0. However, as an enterprise tech government with a background of intensive work for giant firms within the gaming trade, he needed to deliver new options to online game builders.
According to a PR shared with Cryptopotato, Jason Fung may have an intensive set of obligations, together with the enlargement of Meta0 as an entire ecosystem of recreation builders, channel companions, and L1/L2 blockchains operating on Meta0 as a Layer-0 protocol —fairly just like what Polkadot desires to be. He can even direct fund elevating campaigns, partnerships, and different strategic selections.
Meta0: More Interoperability For The Blockchain Gaming Industry
The thought behind Meta0, Fung mentioned, is to supply higher interoperability throughout the present blockchain networks, so builders don’t must be pressured to decide on solely a small group of blockchains to hold out their initiatives.
“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.”
In one other interview, Fung mentioned he left TikTok to cowl one of the most typical issues within the NFT gaming trade: The lack of correctly accessible blockchain infrastructure for builders.
“I left TikTok because I saw a clear opportunity to offer a solution to the current segregated nature of infrastructure options available to developers looking to build blockchain games.”
Like many startups within the cryptocurrency world, Meta0 will elevate funds by issuing tokens and negotiating with enterprise capitalists and strategic buyers. Binance, Animoca Brands, a16z, Consensus Lab, and Kardia Ventures are some of the names that come to thoughts when talking of Web3 developments.
Blockchain Games Still Have Much Growth Potential
Even although curiosity in blockchain video games has dropped fairly a bit as a result of collapse of the crypto market, the trade nonetheless has a really lively neighborhood desirous to discover a new mission or a rebound in cryptocurrency costs to spend money on their favourite video video games once more.
It needs to be famous that the broader gaming trade is a behemoth compared to the extra area of interest crypto gaming trade; nevertheless, NFT and blockchain video games exploded in 2021, and this 12 months the crypto gaming trade had already registered over $2.5 billion by Q1, 2022.
Also, play-to-earn video games like Axie Infinity, CryptoBlades, Plant vs. Undead, and Mir4 turned extraordinarily well-liked, extraordinarily fast —even turning into the first supply of earnings for a lot of households in nations like Philipines, Argentina, and Venezuela.
In different phrases, crypto video games not solely attracted cash from large institutional gamers but in addition boosted their adoption by retail customers worldwide. Even Metamask, one of the best-known wallets within the ecosystem, had important peaks in phrases of new accounts due to the increase in crypto video games and decentralized functions.
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