Reddit co-founder Alexis Ohanian has joined a bid to accumulate TikTok’s US operations, a transfer led by billionaire Frank McCourt with plans to combine blockchain know-how into the platform.
On March 4, Ohanian confirmed his involvement within the bid by way of a put up on X. He’s becoming a member of as a strategic adviser, leveraging his expertise in social media and digital innovation.
Ohanian acknowledged:
“I’m formally now one of many folks attempting to purchase TikTok US — and produce it on-chain. TikTok has been a game-changer for creators, and it’s future must be constructed by them.”
McCourt reportedly famous that Ohanian’s insights into social platforms and their evolution would strengthen the bid and help the imaginative and prescient behind Undertaking Liberty.
The acquisition bid, branded because the “Individuals’s Bid,” goals to combine distributed ledger know-how into TikTok.
Ohanian emphasised that this strategy would empower creators and customers, permitting them to take possession of their viewers and knowledge. He described the initiative as a step towards making TikTok a platform managed by its neighborhood slightly than company entities.
He added:
“Customers ought to personal their knowledge. Creators ought to personal their viewers. Interval.”
Frequency, a Polkadot parachain, is ready to energy this transformation. The community is designed to boost transparency, accountability, and person management.
Ohanian identified that Frequency would guarantee these decentralized rules are embedded in TikTok’s operations, making the platform extra equitable and sustainable. He famous:
“Frequency will empower these rules to change into actuality. And with transparency and accountability on the core, this new TikTok received’t simply be fairer—it’ll be GREATER.”
If ByteDance approves the supply, TikTok US will combine Frequency’s blockchain framework, reinforcing decentralization and person empowerment.
In the meantime, the acquisition effort comes amid rising regulatory stress on ByteDance to divest its US belongings or face a possible ban. TikTok briefly shut down on Jan. 19 in compliance with an order demanding its sale however resumed operations after a short lived extension was granted.
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