VPNAcquire AccountSubscribeSubmit DAPP
Switch Language:
Home > News > context

Former TikTok gaming head Jason Fung launching blockchain gaming startup

Former head of TikTok’s gaming unit – Jason Fung – has announced that he’s launching his own blockchain gaming startup alongside a fellow co-founder. According to his interview with Reuters, the growing influence of blockchain games has managed to lure him away from the social media and video content giant.

It’s even more of an interesting move when considering the aggressive strategy TikTok has been taking to carve out a place in the online gaming space; with the platform’s China-based owner ByteDance leading that charge – with less that stellar results.

Previously, ByteDance announced acquisitions which included the purchase of Moonton for $4 billion along with testing mini-game mechanics within its app. Even so, this strategy has come with setbacks; having laid off 300+ staff from one of its acquisitions – 101 Studio.

In contrast, Fung’s new venture, called Meta0, aims at offering a solution to blockchain’s currently segregated infrastructure – offering greater agnosticism and accessibility for developers to build on blockchain.

Comprising six members so far, Meta0 has already closed on its first round of funding. While details are scant at the moment, Fung did share that the company is currently looking for new ways to secure funding through token sales.

Interested in Block Chain Game, Welcome to JBB.ONE
Comments
0 / 1000
Latest Updates
The state of blockchain gaming
The state of blockchain gaming
Nümi Tribe welcomes new creators and metaverse enthusiasts to its community
Nümi Tribe welcomes new creators and metaverse enthusiasts to its community
Animoca Brands buys majority stake in music metaverse – PIXELYNX
Animoca Brands buys majority stake in music metaverse – PIXELYNX
Breaking News
Ajuna Raises $5 Million for Its Web3 Gaming Platform
Ajuna Raises $5 Million for Its Web3 Gaming Platform
The Investor’s Guide to the GameFi Market – What’s Next?
The Investor’s Guide to the GameFi Market – What’s Next?
The Sandbox announces partnership with Cut the Rope creator ZeptoLab to build new Web3 experiences
The Sandbox announces partnership with Cut the Rope creator ZeptoLab to build new Web3 experiences
Meta Masters Guild raises more than $3.3 million during its presale
Meta Masters Guild raises more than $3.3 million during its presale
WeTransfer announces partnership with Minima to host NFTs
WeTransfer announces partnership with Minima to host NFTs
Shibuya to let NFT holders to shape the trajectory of its latest short
Shibuya to let NFT holders to shape the trajectory of its latest short
Doodlers announces Doodles 2 – prices spike on OpenSea
Doodlers announces Doodles 2 – prices spike on OpenSea
Square Enix reiterates its commitment to NFT and blockchain exploration
Square Enix reiterates its commitment to NFT and blockchain exploration
China unveils its first regulated NFT marketplace
China unveils its first regulated NFT marketplace