Key Takeaways
Reddit co-founder Alexis Ohanian joins the bid to accumulate TikTok US and combine it with blockchain know-how.
The initiative would permit 170 million US TikTok customers to handle their knowledge utilizing the Frequency blockchain protocol.
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Reddit co-founder Alexis Ohanian introduced immediately he has joined efforts to accumulate TikTok’s US operations and transition the platform to blockchain know-how.
Thrilling information for the digital world…
I am formally now one of many individuals making an attempt to purchase TikTok US — and produce it on-chain.
TikTok has been a game-changer for creators, and it is future must be constructed by them↓ pic.twitter.com/SPq1Ppv1kK
— Alexis Ohanian 🗽 (@alexisohanian) March 4, 2025
The bid focuses on implementing Frequency, a blockchain protocol that will allow customers to regulate their knowledge and content material.
The proposal goals to remodel how TikTok’s 170 million US customers handle their digital presence.
“Frequency modifications how social media may work—customers managing their very own knowledge,” Ohanian wrote on X.
The transfer comes as ByteDance faces strain to promote TikTok’s American operations by early April, following a Biden administration legislation and subsequent extension by President Trump by way of govt order.
Ohanian’s group, which incorporates “Shark Tank” investor Kevin O’Leary, competes with potential consumers like Microsoft and Oracle.
“Image TikTok along with your viewers and work on-chain, no intermediaries,” Ohanian stated, describing his imaginative and prescient for the platform.
ByteDance has not confirmed plans to promote, and McCourt acknowledged the absence of a transparent valuation or asset record.
Technical challenges stay concerning the variation of TikTok’s large-scale platform to blockchain infrastructure.
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