Fun

Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company

News Feed - 2022-07-08 04:07:42

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 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 Interoperability


Blockchain 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’ Solution


The 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. Tags in this story Blockchain, Gaming, jason fung, metao, nft, square enix, tiktok, Ubisoft, Web3


What do you think about Metao, the interoperability-focused blockchain gaming startup? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country BLOCKCHAIN | 3 hours ago Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users BLOCKCHAIN | 12 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleColombia Issues Guide for Implementing Blockchain for Public Projects in the Country Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

News Feed

Quik․com’s Limited NFT Domains Minting is Now Live
Quik․com"s Limited NFT Domains Minting is Now Live sponsored Buzzwords like NFTs, Web 3.0, and blockchain domains have infatuated everyone in the tech and crypto of late. The term
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report The federal government of Russia should be ready with different regulatory scenarios f
Ethereum Reclaims $2,444 Level – Bullish Continuation In Focus
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review
The Mysterious FTX Debacle, Tim Draper"s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review As theories proliferate wildly about the true nature of wha
How ETFs are reshaping the crypto markets
Marco Castrovilli7 hours agoHow ETFs are reshaping the crypto marketsIn Cointelegraph’s latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethe
An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1
An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1 An unknown person incurred a transaction fee of more than $80,000 or (3.49
The ‘Bitcoin Rich List’ Has Grown 30% in the Last Year, But Why?
The Bitcoin Rich List, or the number of addresses holding more than 1,000 BTC, has grown in the past 12 months, possibly reflecting an influx of high-net-worth investors.   The me
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause "Multiple Black Swans" Wall Street’s major indexes closed the d
Hacker gets 3.5 years prison for $900K Coinbase login scam: Report
Brayden Lindrea3 hours agoHacker gets 3.5 years prison for $900K Coinbase login scam: ReportA UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s alleged crypto “Ponzi” funded his lavish li
Bitcoin, Ethereum Technical Analysis: ETH Over $3,000, BTC Nears $45,000 as Bulls Return
Bitcoin, Ethereum Technical Analysis: ETH Over $3,000, BTC Nears $45,000 as Bulls Return Ethereum climbed over the $3,000 level on Tuesday, as crypto bulls returned in full force,
Prashant Jha3 hours agoCoinbase Q2 earnings beat estimates amid Blackrock custody deal, institutional focusThe company beat estimates while non-trading revenue beat trading revenue.1560 Total views5 Total sharesListen to
Gareth Jenkinson10 hours agoAnimoca eyes SportFi ecosystem, becomes Chiliz Chain validatorAnimoca Brands will become a validator for the Chiliz Chain as the venture capital firm looks to capitalize on the SportFi ecosyst