Former head of TikTok’s gaming unit – Jason Fung – has introduced that he’s launching his personal blockchain gaming startup alongside a fellow co-founder. In accordance with his interview with Reuters, the rising affect of blockchain video games has managed to lure him away from the social media and video content material large.
It’s much more of an attention-grabbing transfer when contemplating the aggressive technique TikTok has been taking to carve out a spot within the on-line gaming house; with the platform’s China-based proprietor ByteDance main that cost – with much less that stellar outcomes.
Beforehand, ByteDance introduced acquisitions which included the acquisition of Moonton for $4 billion together with testing mini-game mechanics inside its app. Even so, this technique has include setbacks; having laid off 300+ workers from one among its acquisitions – 101 Studio.
In distinction, Fung’s new enterprise, known as Meta0, goals at providing an answer to blockchain’s presently segregated infrastructure – providing larger agnosticism and accessibility for builders to construct on blockchain.
Comprising six members to date, Meta0 has already closed on its first spherical of funding. Whereas particulars are scant in the meanwhile, Fung did share that the corporate is presently in search of new methods to safe funding by way of token gross sales.