From leading TikTok's gaming department to launching his own Web3 firm, Jason Fung got more than experience from the video platform: inspiration.
Cointelegraph had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in store for him.
“Many Web2 companies are trying to figure out how metaverse fits into their business models. What does it mean to transfer the ownership of assets to users and to be more decentralized? Is it worth the risk associated with giving up control and ownership? There are legal considerations among others to think through before moving that direction."
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. 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.”
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