Key takeout
- Reddit co-founder Alexis Ohanian will be taking on Tiktok US and joining a bid to integrate with blockchain technology.
- The initiative will enable 170 million US Tiktok users to manage their data using frequency blockchain protocols.
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Reddit co-founder Alexis Ohanian today announced that he has acquired Tiktok's US business and has joined efforts to move the platform to blockchain technology.
Exciting news for the digital world…
I'm one of those people who's officially trying to buy a Tiktock.
Tiktok is a game changer for creators, and its future should be built by them ↓ pic.twitter.com/spq1ppv1kk
– Alexis Ohanian (@Alexisohanian) March 4, 2025
The bid focuses on implementing frequency, a blockchain protocol that allows users to control data and content.
The proposal aims to change how Tiktok's 170 million US users manage their digital presence.
“The way social media works and the way users manage their own data will change,” Ohanian writes to X.
The move faces an ordinance that sells Tiktok's American operations by early April, following the Biden administration law and subsequent extensions by President Trump's executive order.
Ohanian's group, including “Shark Tank” investor Kevin O'Leary, competes with potential buyers such as Microsoft and Oracle.
“I film Tiktok with viewers and work for the chain, but I have no intermediaries,” Ohanian said, explaining his vision for the platform.
Bytedance has not confirmed its sales plans and McCourt has admitted that there is no clear valuation or asset list.
The technical challenges remain regarding adapting Tiktok's large platform to the blockchain infrastructure.
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