Nguyen Ngoc Tung | Co-founder | MetaLoka

MetaLoka: Solving Inefficiencies of the Cryptocurrency Industry

MetaLoka is the world’s first open Metaverse ecosystem featuring time travel and utility zones. To bring people together, MetaLoka goes beyond the barriers between the past and the future worlds. At the organization’s heart, metaverse can teleport users through an overwhelmingly impressive experience of interacting with other Metazens in ancient Egypt, 2312 Cyberpunk, Dark Ages, and so on.

Additionally, MetaLoka aims to solve the inefficiency of the cryptocurrency industry by utilizing the potential of blockchain technology. It consists of the most robust blockchain team from Vietnam with 5 years of experience, a highly experienced game team from the U.S., and more than 20 in-house developers and marketers.

The Leadership Team

Back in August 2021, when the term metaverse was known to very few people, Nguyen Ngoc Tung, the Co-founder of MetaLoka, sat with Minh Do, the CEO of the organization, to discuss the future of it and its challenges to adapt. Soon, both realized that not only metaverse but the entire blockchain system was still in its infancy, and it hadn’t reached its potential. However, Nguyen realizes that blockchain technology has many practical applications in decentralization and security.

Graduated from the Singapore Institute of Management, Nguyen (Steve) has more than 5 years of experience in various multi-national tech projects and corporations funded by Alibaba Cloud, Enterprise Singapore, and the Department of Science and Technology Vietnam. Additionally, he has been a very active investor in the real estate and fashion industries.

With his solid skills and vast knowledge in directing or operating a project, Steve now focuses on market insights and customer experience throughout the process and ensures mutually beneficial growth.

The leadership team includes Nhat Minh Nguyen, COO of the organization. She is an experienced venture builder in technology. Thanks to her experiences in investment banking and business development for the state government, she grew a deep love for technology projects and blockchain technology. On the other hand, Truong Nguyen serves as the CTO. He is an experienced blockchain developer in blockchain and Defi. He has also advised development teams of various top-tier projects like AvatarArt, SpaceHunter, etc.

An experienced software engineer with Bachelor’s Degree in Business Administration, Minh Do serves as the CEO. Before working for MetaLoka, Minh worked for several start-ups in various industries, including entertainment, finance, and human resource.

The Asian Market
Steve believes Asian countries have kept up with the rest of the world with various advanced technology and cutting-edge infrastructures like 5G and others. Steve explains that Asian countries invested heavily in multiple regional tech startups, especially in the areas like supply chain and manufacturing. Additionally, Asian governments have worked with local tech companies to advance their aim toward A.I. and renewable energy. “With its resources, Asia’s rapid development has all the capacity and potential to grow and compete with other economies in the digital information-technology services.”– asserts Steve.

Mission and Vision

MetaLoka’s mission is to develop its trademark building engine to solve the challenges arising in the metaverse world, including the risky liquidity of various crypto assets and the cross- chain ability to bridge to other metaverses. On the other hand, the organization’s vision is to solve the cryptocurrency industry’s inefficiencies by utilizing blockchain technology’s potential.

Suggestions for the Younger self

“Research, Practice & Be a Life-long learner” are my go-to phrases whenever I encountered something new. You will never discover the true potential and insights of the section you start in if you do not carefully examine and practice beforehand.”- says Steve. He also believes that many frameworks and approaches, including SMART, SWOT, 5W1H, and Five forces, were successful in every scenario. However, he believes the success recipes of a business lie in creating a great product or service that can solve the problem of a large audience.

Future Roadmap

In simple terms, Steve wants to build a company that leaves a positive impact on its users. MetaLoka aims to become a go-to metaverse ecosystem for users to experience, entertain, Defi investments, and create optimal utilities.

Recently, MetaLoka has also established a strategic corporation with Polygon Studios, and it is now planning to introduce its metaverse ecosystem on the Polygon blockchain.

As partners, MetaLoka and Polygon will push for a better metaverse adoption rate across the planet, which will bring out a unique virtual experience for each individual. Polygon Studios will be the strategic partner for MetaLoka across multiple aspects of the project, including GameFi and metaverse initiatives.

Additionally, Alibaba Group will soon become the official partners of MetaLoka to venture into the unknown world of the metaverse.

With its world-class technical capability and reputation, Alibaba Cloud is all set to help the organization in several initiatives to achieve global reach and sustainable ecosystem development.

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