Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company
Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allo...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allow Web3 game creators to expand their reach and not be limited to just a chain and an ecosystem tied to a certain token.
Metao to Focus on InteroperabilityBlockchain is becoming a big element in several companies that are trying to mix gaming with cryptocurrency. Jason Fung, who was the gaming boss at Tiktok, one of the biggest video-based social networks, is reportedly launching a blockchain-based gaming company. Metao, as the startup is being called, will focus on offering a framework for other companies to build blockchain-based games, in the same way in which companies like Unity license their tech to others.
This would make the lives of developers easier, focusing just on the content while dropping the complexities of integrating these mechanisms by themselves. The solution that Metao tries to implement is also directed to increase interoperability and avoid the segregation that many startups face when trying to implement their games in one chain tied to a token ecosystem.
About this, Fung stated:
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.
A ‘Blockchain-Agnostic’ SolutionThe company, which is just comprised of eight employees including Fung and an undisclosed co-founder, has developed a technology that will allow developers to publish their games using any of the blockchains available, with the benefits of allowing each user to store their tokens and items in their favorite ones. Explaining this, Fung declared:
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.
Web3 and blockchain technologies have been adopted by a number of startups in the gaming arena, but none of the really big players in the industry has designed a big IP game around these. However, companies like Ubisoft and Square Enix have talked about the importance of blockchains and NFTs for the future of the industry, and even included this tech as part of their financial plans for the future.
What do you think about Metao, the interoperability-focused blockchain gaming startup? Tell us in the comments section below.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Librería de Satoshi Rebrands to ISMOS, Launches Global Platform to Train One Million Bitcoin Developers
Bitcoin Magazine Librería de Satoshi Rebrands to ISMOS, Launches Global Platform to Train One Million Bitcoin Developers Librería...
Sam Altman’s ChatGPT AI Predicts ‘Will Crypto Recover?’
Sam Altman’s ChatGPT AI predicts ‘Will crypto recover?’. When prompted, the OpenAI bot gave an in-depth answer on whether and when...
Standard Asset Company outlines $1.5 billion Bitcoin and UAE real estate strategy
SAC's strategy could redefine investment norms by blending traditional real estate with digital assets, impacting market dynamics...
ChatGPT AI Predicts: Will Crypto Recover? How Low Could We Go?
Bitcoin (BTC) is near $77,000 and Ethereum (ETH) nears $2,260, about $1,342 below where ETH USD price was a year ago. Bitcoin’s pe...
Canadian judge orders Bitcoin wallet returned to family of convicted killer William Sandeson
The ruling underscores the challenges of linking digital assets to crimes, impacting future asset forfeiture cases and civil litig...
Coinbase lets AI agents trade crypto for users, but a new study says most bots will raise their own limits
AI-driven trading on Coinbase could lead to increased financial risks as bots may bypass user-set limits, challenging regulatory f...