Reddit co-founder wants to buy TikTok US and put it on-chain

Co-founder of Reddit Alexis Ohanian at present introduced that he has joined the efforts to accumulate Tiktok’s American actions and change the platform to blockchain expertise.

Thrilling information for the digital world …

I’m now formally one of many individuals who TIKTOK tries to purchase us and convey it on chain.

Tiktok is a game-changer for makers, and the longer term have to be constructed by them ↓ pic.twitter.com/spq1PPV1KKK

– Alexis Ohanian 🗽 (@alexisohanian) March 4, 2025

The bid focuses on the implementation of frequency, a blockchain protocol with which customers can management their information and content material.

The proposal is meant to rework how the 170 million American customers of Tiktok handle their digital presence.

“Frequency adjustments how social media can work – customers who handle their very own information,” wrote Ohanian on X.

The transfer is as a result of bytedance is confronted with strain to promote the American actions of Tiktok initially of April, after a Biden Administration Act and the following extension by President Trump through government order.

The group of Ohanian, together with “Shark Tank” investor Kevin O’Leary, competes with potential patrons comparable to Microsoft and Oracle.

“Think about Tiktok together with your viewers and work on the chain, no intermediaries,” mentioned Ohanian, who described his imaginative and prescient for the platform.

Bytedance didn’t affirm the plans to promote and McCourt acknowledged the absence of a transparent appreciation or belongings record.

Technical challenges live on in regards to the adaptation of the massive -scale platform of Tiktok to blockchain infrastructure.