Cointelegraph had the chance to chat with Jason Fung, former head of gaming at TikTok, about his new firm Meta0, why he determined to make the leap into Web3 and what he feels the long run has in retailer for him.
The former gaming head expressed an elevated degree of pleasure, proclaiming that it was Day One for the fledgling Metaverse expertise startup. Fung defined that he plans to convey his wealth of information and expertise in gaming and software program improvement to obtain a grander model of what the Metaverse might be.
“Many Web2 companies are trying to figure out how metaverse fits into their business models. What does it mean to transfer the ownership of assets to users and to be more decentralized? Is it worth the risk associated with giving up control and ownership? There are legal considerations among others to think through before moving that direction.”
Fung said that Meta0 aims to encourage others in the Web2 space to begin making moves into Web3 and join the effort to build the Metaverse while solving real-world problems.
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His career focus has been on tournament platforms and esports, though he worked on mini-games and created new player experiences while at TikTok. He explained that his deep interest in gaming and blockchain helped him to identify the issues facing Metaverse development in its current iteration.
He spoke about interoperability as one of the major issues facing the Metaverse, namely between implementations, protocols, technologies and companies involved with developing this space.
When asked about the newly announced Digital IF Interoperability Consortium, he called it a step in the right direction, noting that there are very few standards at the moment. Fung told Cointelegraph, “We want to make blockchains to work together and communicate with one another. We evaluated what are the pros and cons of different blockchains and the best use cases for interoperability.”
“Meta0 allows game developers to build different parts of their games on different blockchains simultaneously. Cross-chain interoperability will come into play. Some of the developers we are talking to now appreciate our multi-chain game development approach.”
Meta0 can also be working intently with Waves Labs, the expansion engine for the Waves Ecosystem, in an incubation program to assist increase consciousness and help the brand new firm and its initiatives. Fung mentioned that they’re set to announce a Waves Fund within the close to future. He commented that Waves is a superb incubator, making goals and realities come true.
Meta0 hopes to convey video games to Web3 in an effort to remedy the interoperability points presently seen within the Web3 house. For builders, this implies an API and SDK that may combine straight into video games. For players, it means simpler entry to Web3-based gaming. For Jason, he instructed Cointelegraph it means a brilliant new starting, saying “There is a lot more to tell of this story.”
