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HONG KONG — The former head of short video giant TikTok's gaming unit, Jason Fung, is launching a blockchain gaming startup as one of two co-founders, he told Reuters in an interview, as the buzz around blockchain games grows while sector heavyweights remain wary. The 34-year-old left TikTok last month after two years with the firm, and his exit comes...
The former head of short video giant TikTok's gaming unit, Jason Fung, is launching a blockchain gaming startup as one of two co-founders.
It's another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices.
ByteDance Ltd has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs in a major setback for its quest to challenge Tencent Holdings Ltd in mobile gaming.