Alexis Ohanian, co-founder of Reddit, is backing a proposal to buy TikTok’s US operations, with plans to combine blockchain expertise into the platform.
Ohanian’s involvement grew to become public on March 3, when Reuters reported that he had joined as a strategic adviser specializing in social media.
He confirmed in a publish on X, stating, “I’m formally now one of many folks attempting to purchase TikTok US — and convey it on-chain”. He emphasised that digital platforms ought to prioritize person management, writing, “Customers ought to personal their information. Creators ought to personal their viewers. Interval”.
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The trouble is led by Frank McCourt’s Venture Liberty, an initiative centered on giving web customers extra management over their private information. The plan to accumulate TikTok’s US division contains integrating “Frequency“, a decentralized social community protocol constructed on Polkadot
Ohanian helps this route, emphasizing that TikTok’s success has been pushed by its creators, stating on X:
TikTok has been a game-changer for creators, and its future must be constructed by them.
He additionally believes Frequency can flip this concept into actuality, stating, “Frequency will empower these rules to turn into actuality. And with transparency and accountability on the core, this new TikTok gained’t simply be fairer — it’ll be GREATER”.
In the meantime, Elon Musk’s try to accumulate OpenAI with a $97.4 billion supply was rejected by CEO Sam Altman. What did Altman say? Learn the total story.
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