TikTok’s Former Gaming Head Launches New Blockchain Startup Meta0
The former head of TikTok’s gaming unit, Jason Funghas launched a blockchain gaming startup named Meta0 that aims to connect different metaverses using white-label application programming interfaces and software development kits. According to Reuters, Fung is now the CEO of Meta0 and will focus on expanding its ecosystem to include game developers, channel partners, and L1/L2 blockchains running on Meta0 as a Layer-0 protocol.
, developers will be able to take advantage of the strengths of different blockchains to create a hybrid blockchain solution. For instance, developers can make use of both Solana’s low-cost and fast transactions as well as Ethereum’s security and DeFi services to create efficient solutions for their blockchain games.
Jason Fung’s tryst with blockchain gaming
, Fung detailed the reasons behind his move from TikTok after spending two years in the organization. Fung stated that he saw an opportunity to provide a way for various games over different blockchains to find a way to come together and connect with each other. "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," said Fung. "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."
Alongside another co-founder, he established Meta0 in 2022, and has already closed its first round of funding. Additionally, it is also looking to raise further funds by issuing tokens, and from venture firms and strategic investors, according to the Reuters report. Currently, the company only consists of six employees in addition to the two co-founders.
Jason Fung was responsible for expanding TikTok’s gaming operations such as looking at different ways to refine and focus on introducing new content related to gaming. Under his stewardship, ByteDance, the parent company of TikTok, aggressively expanded into the gaming scene with a $4 Billion purchase of Moonton and launched pilots of mini games on its social media app in select locations.
Prior to his stint at TikTok, Fung also worked with Electronic Arts (EA) in 2017 and spent two-plus years as a director of global esports at Alibaba Group prior to his tenure at TikTok.
This story was written in partnership with Linx Games
Linx Games is a community-driven blockchain game distribution platform for gamers and developers to interact, socialize and exchange ideas. It is for like-minded individuals to join forces and build out this ecosystem together.