Cointelegraph had the chance to speak with Jason Fung, former head of gaming at TikTok, about his new firm Meta0, why he determined to make the leap into Web3 and what he feels the long run has in retailer for him.
The former gaming head expressed an elevated stage of pleasure, proclaiming that it was Day One for the fledgling Metaverse know-how startup. Fung defined that he plans to carry his wealth of data and expertise in gaming and software program growth to attain a grander model of what the Metaverse might be.
“Many Web2 corporations try to determine how metaverse matches into their enterprise fashions. What does it imply to switch the possession of belongings to customers and to be extra decentralized? Is it well worth the threat related to giving up management and possession? There are authorized concerns amongst others to suppose via earlier than transferring that path.”
Fung said that Meta0 aims to encourage others in the Web2 space to begin making moves into Web3 and join the effort to build the Metaverse while solving real-world problems.
His career focus has been on tournament platforms and esports, though he worked on mini-games and created new player experiences while at TikTok. He explained that his deep interest in gaming and blockchain helped him to identify the issues facing Metaverse development in its current iteration.
He spoke about interoperability as one of the major issues facing the Metaverse, namely between implementations, protocols, technologies and companies involved with developing this space.
When asked about the newly announced Digital IF Interoperability Consortium, he called it a step in the right direction, noting that there are very few standards at the moment. Fung told Cointelegraph, “We want to make blockchains to work together and communicate with one another. We evaluated what are the pros and cons of different blockchains and the best use cases for interoperability.”
“Meta0 allows game developers to build different parts of their games on different blockchains simultaneously. Cross-chain interoperability will come into play. Some of the developers we are talking to now appreciate our multi-chain game development approach.”
Meta0 is also working closely with Waves Labs, the growth engine for the Waves Ecosystem, in an incubation program to help raise awareness and assist the new company and its initiatives. Fung said that they are set to announce a Waves Fund in the near future. He commented that Waves is a great incubator, making dreams and realities come true.
Meta0 hopes to bring games to Web3 in an effort to solve the interoperability issues currently seen in the Web3 space. For developers, this means an API and SDK that can integrate directly into games. For gamers, it means easier access to Web3-based gaming. For Jason, he told Cointelegraph it means a bright new beginning, saying “There is a lot more to tell of this story.”