The 34-year-old TikTok former head gaming unit, Jason Fung, left TikTok last month after two years with the firm and now he is launching a blockchain gaming startup as one of two co-founders, according to Reuters report.
There has been burgeoning interest of enterpreneur for blockchain games – as the new generation of online games built on blockchains that guide players to do transactions in the form of non-fungible tokens (NFTs).
As per the report, Fung’s new venture is called Meta0, and he moved out from TikTok after identifying and opportunity which will provide a solution to the developers who are eyeing 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,” he told Reuters in Hong Kong.
“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,” said Fung.
The company’s founding team comprises of six members an two co-founders however he didn’t disclose who else is there in the team. The company has raised first round of fund and it aims to raise more funds by issuing tokens, and from venture capitalists and strategic investors.
“We’ve built a protocol for game developers, and we take a flexible, blockchain-agnostic approach to their game development. “With a protocol that we’re developing, developers can easily build their game-leveraging strengths of different blockchains, and allow the user the flexibility of transferring their NFTs cross-chain,” said Fung, speaking on the future prospects of blockchain gaming.