Ex-TikTok gaming head to launch blockchain games startup as big players keep away

^{Is it a surprise moving from web 2.0 to web 3.0?}

Many of these things point to how we're currently in a builder's economy, matter of fact, it has always been an ecosystem fueled by developments but the excitement that comes with the bull markets had created a huge distraction, leaving the economy of many projects at risk of collapse. This was fast-paced into reality as the bears set in and everything took a free fall.

Though not specifically expected, this was bound to happen to set aside developing platforms from fake money ventures trying to buy out the industry. The collapse of these companies has created a scar but more valuably, has left a message or two on why building solutions come to be the game-changer when the money hype begins to withdraw.

As crypto operates an economy of opportunities, this current market does just that, and we can see many people trying to leverage that, my expectations spin across a ton of projects being deployed in the next three years, we're in for a wild ride as so many companies hit the development houses.

On recent reports The former head of short video giant TikTok's gaming unit, Jason Fung, is launching a blockchain gaming startup. Fung believes in the builder economy and as a builder, he sees an opportunity to build a network with much more scalable power, flexibility, Interoperability, and sustainability at heart.

The report by Reuters notes that the venture has secured funding, however, the amount isn't disclosed.

Meta0 is what Fungs' venture is called. He said he left TikTok after seeing an opportunity to offer a solution to the current segregated nature of infrastructure options available to developers looking to build blockchain games.

^{"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," referring to popular existing blockchains.}

^{"So we decided, let's do it. Let's co-found this company. Let's give up my cushy corporate life at TikTok and take a giant risk," said Fung.}

The venture team consists of six additional members to two co-founders whose identities haven't been disclosed.

What we're seeing today take place will expand the size of this ecosystem, in terms of value distribution and participants. Though, there's quite the expectation that many of the developed frameworks will be built on centralized bodies, all of this will not matter as though crypto has a way of neutralizing centralized funds.

The good thing is that these developments are far from being driven by FOMO, and that gives room for actual developments, something we didn't see much in the case of the bull markets. Lots of what was being built in this season was "for-profit" and so, very little building was being done, giving room for a whole lot of vulnerability.

Many of these projects watched their ecosystem collapse as the storm came, proving that these products were not designed to withstand the worst but only built to entice and milk value from a bull market.

The difference is clear and here we'll see the ecosystem take on a big run as more developers, investors and value move in. Great things await at the end of the tunnel, we're just a few dark days away from the light.