Reddit co-founder Alexis Ohanian has joined a bid to amass TikTok’s US operations, a transfer led by billionaire Frank McCourt with plans to combine blockchain expertise into the platform.
On March 4, Ohanian confirmed his involvement within the bid by means 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 said:
“I’m formally now one of many folks making an attempt to purchase TikTok US — and produce it on-chain. TikTok has been a game-changer for creators, and it’s future ought to 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 Mission Liberty.
The acquisition bid, branded because the “Folks’s Bid,” goals to combine distributed ledger expertise into TikTok.
Ohanian emphasised that this method would empower creators and customers, permitting them to take possession of their viewers and information. He described the initiative as a step towards making TikTok a platform managed by its group slightly than company entities.
He added:
“Customers ought to personal their information. Creators ought to personal their viewers. Interval.”
Frequency, a Polkadot parachain, is ready to energy this transformation. The community is designed to reinforce transparency, accountability, and consumer 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 grow to be actuality. And with transparency and accountability on the core, this new TikTok gained’t simply be fairer—it’ll be GREATER.”
If ByteDance approves the provide, TikTok US will combine Frequency’s blockchain framework, reinforcing decentralization and consumer empowerment.
In the meantime, the acquisition effort comes amid rising regulatory stress on ByteDance to divest its US property 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 brief extension was granted.
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