Jason Fung, former head of gaming at video-based social media company Tiktok, is launching a blockchain-based gaming startup called Metao The company, called Metao, will focus on providing a “blockchain-agnostic” solution that will allow Web3 game creators to expand their reach without being limited to chains and ecosystems tied to specific tokens.
Metao to focus on interoperability
Blockchain is becoming a major factor for several companies looking to mix gaming and cryptocurrency. Jason Fung, the gaming boss at Tiktok, one of the largest video-based social networks, is reportedly launching a blockchain-based gaming company. Metao, as the startup is called, will focus on providing a framework for other companies to build blockchain-based games, similar to how companies like Unity license their technology to other companies.
This would make life easier for developers by allowing them to focus solely on content while forgoing the complexity of integrating these mechanisms themselves; the solution Metao is trying to implement is one of increased interoperability and a single chain tied to a token ecosystem. It is also geared towards avoiding the separation that many startups face when trying to implement games.
On this, Fung says,:
Right now, any developer looking to implement NFT or blockchain in their game has to choose a single blockchain, such as Polygon, Solana, or Binance Smart Chain. But imagine a more interoperable option.
a “blockchain-independent” solution
The company, which consists of only eight employees, including Fung and an undisclosed co-founder, has developed technology that allows developers to publish their games using any blockchain available as well, allowing each user to store tokens and items on their own preferred advantages. In this regard, Fung declared.
We are building a protocol for game developers to take a flexible, blockchain-agnostic approach to game development. With the protocols we are developing, developers can easily build games that leverage the strengths of different blockchains, and users will have the flexibility to transfer NFTs cross-chain.
Web3 and blockchain technologies have been adopted by many startups in the gaming space, but the really big players in the industry have not designed big IP games around them. However, companies like Ubisoft and Square Enix are talking about the importance of blockchain and NFTs for the future of the industry and are even including this technology as part of their future financial plans.
Image credit: Shutterstock, Pixabay, Wiki Commons