Reddit co-founder Alexis Ohanian as we speak introduced that he has acquired Tiktok's US enterprise and has joined efforts to maneuver the platform to blockchain expertise.
Thrilling information for the digital world…
I'm a type of individuals who's formally attempting to purchase Tiktok.
Tiktok is a sport changer for creators and the longer term ought to be constructed by them ↓ pic.twitter.com/spq1ppv1kk
– Alexis Ohanian🗽 (@Alexisohanian) March 4, 2025
The bid focuses on implementing frequency, a blockchain protocol that enables customers to manage knowledge and content material.
The proposal goals to alter how Tiktok's 170 million US customers handle their digital presence.
“The way in which social media works and the best way customers handle their very own knowledge will change,” Ohanian writes to X.
The transfer follows the Biden administration legislation and subsequent extensions by President Trump's government order, and by early April, it seems to be dealing with stress to promote Tiktok's American operations.
Ohanian's group, together with “Shark Tank” investor Kevin O'Leary, competes with potential patrons resembling Microsoft and Oracle.
“I movie Tiktok with viewers and work for the chain, however I’ve no intermediaries,” Ohanian stated, explaining his imaginative and prescient for the platform.
Bytedance has not confirmed its gross sales plans and McCourt has admitted that there is no such thing as a clear valuation or asset checklist.
The technical challenges stay relating to adapting Tiktok's massive platform to the blockchain infrastructure.
