According to media reports, Phan left TikTok amidst failed attempts. He left the platform for parent company ByteDance to have a presence in the global gaming market. Despite his employer’s setbacks, Phan himself believes there is still room for innovation in the market.

“Now, when you look at a developer implementing NFT or blockchain in their games, they have to choose a blockchain, be it Polygon, Solana or Binance Smart Chain. But imagine a more compatible option “.

Moreover, Phan wants to continue building a blockchain infrastructure company capable of connecting multiple metaverses.

TikTok on Meta0

The Meta0 startup team is made up of six people and two co-founders. The startup has already completed the first round of financing, but the investment amount is still unknown. Exactly who is among the developers and co-founders of Meta0 is also unclear.

However, Fan noted that the startup wanted to raise money by issuing tokens. The fan is not specifying on which network the token was issued. The startup is currently working on a protocol that will allow developers to “increase their gaming advantage across different blockchains and give the user the flexibility to transfer their NFTs between networks.”

Phan’s move comes at a time when there is a lot of uncertainty in the Web3 space. He said: “The recent market downturn offers an opportunity to focus on building.

Fans haven’t said when Meta0 plans to release the final product.

Read More: Viral Khaby Lame, of TikTok Fame, is Now Binance Brand Ambassador

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This NFT video features Curtis Roach’s popular tune to “Bored in the House.” We see him singing the song and an animated layout of a city rocking to this music in the video.

TikTok announced the launch of its first NFT series earlier this month. It comprises six culturally significant TikTok videos of respective creators. These creators include Bella Poarch, Lil Nas X, Brittany Broski, and others, including Detroit Rapper Curtis Roach, whose video is live right now. These artists collaborate with NFT artists such as RTFKT, COIN ARTIST, Grimes, x0r, and more, to create these limited edition NFTs.

The Global Head of Marketing of Tiktok had the following things to say regarding this matter:

“The creation that happens on TikTok helps drive culture and starts trends beyond the platform. As the creator economy continues to grow, we’re continually looking for new and differentiated ways to support our creators. Now, fans can own a moment on TikTok that helped shape the internet while supporting some of their favorite creators. We’re excited to see how our community and NFT communities engage with some of the internet’s most beloved cultural milestones.”

The post Tiktok Has Joined The Race For NFT: Its First Collectible is Live for Auction appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.