Altcoins

Reddit co-founder Alexis Ohanian joins TikTok bid: Can he bring social media on-chain?

  • Alexis Ohanian joins Undertaking Liberty to transition TikTok U.S. to blockchain-based infrastructure.
  • TikTok’s blockchain shift might drive Web3 adoption and reshape social media possession.

Reddit co-founder Alexis Ohanian has joined Undertaking Liberty’s bid to accumulate TikTok’s U.S. operations.

The plan goals to transition TikTok to a blockchain-based infrastructure, emphasizing the way forward for decentralized social media.

Reuters first reported Ohanian’s involvement on the third of March, highlighting his strategic function in shaping this revolutionary initiative.

Undertaking Liberty confirms Ohanian’s participation

Undertaking Liberty founder Frank McCourt confirmed Ohanian’s participation, emphasizing his experience in social platforms as a key asset to the initiative.

In a dialog with Reuters, McCourt mentioned, 

“He has that broad portfolio of expertise… of the place social media was and, I believe, a eager understanding of the place it’s evolving,” 

Alexis Ohanian expresses pleasure

Ohanian took to X (previously Twitter) to additional verify the information. He emphasised that creators ought to have management over their viewers, whereas customers retain possession of their information.

Alexis Ohanian 1Alexis Ohanian 1

Supply: Alexis Ohanian/X

He added,

Alexis Ohanian 2Alexis Ohanian 2

Supply: Alexis Ohanian/X

McCourt is spearheading an initiative to accumulate TikTok’s U.S. operations, aiming to prioritize person management over digital identities and information.

Key to this imaginative and prescient is “Frequency,” a decentralized social community protocol constructed on Polkadot’s [DOT] infrastructure.

It empowers customers with full possession of their information whereas fostering a clear, user-centric social media expertise.

Remarking on the identical, Ohanian added

“Frequency will empower these rules to turn out to be actuality. And with transparency and accountability on the core, this new TikTok received’t simply be fairer — it’ll be GREATER.”

Properly, Ohanian’s deep involvement in blockchain ventures by his agency, Seven Seven Six, underscores his dedication to decentralized innovation, having backed tasks like Yuga Labs, Doodles, and Sorare.

See also  Ex-Goldman Sachs and Morgan Stanley exec joins OpenZK Network as co-founder

Present standing of TikTok

TikTok’s unsure U.S. future stays a key geopolitical subject, with the Trump administration firmly opposing its mum or dad firm, ByteDance.

After a short lived ban in early 2025, TikTok resumed operations, requiring its U.S. division to be offered to an American entity.

Excessive-profile figures like Elon Musk and Jeff Bezos-backed funding teams have proven curiosity, however the bidding continues.

In the meantime, TikTok-related memecoins, equivalent to Simply A Chill Man [CHILLGUY] and Huzz Coin [HUZZ], skilled vital market fluctuations.

These fluctuations spotlight the speculative nature of digital belongings linked to social media platforms amid TikTok’s ongoing uncertainty.

What’s subsequent?

Nonetheless, if profitable, TikTok’s transition to blockchain would mark a historic shift, making it the primary main social media platform to function on decentralized infrastructure.

This transfer might speed up the evolution from Web2 to Web3, reshaping how digital platforms deal with person information and possession.

The truth is, with TikTok’s U.S. person base reaching roughly 170 million in 2024, the influence of such a metamorphosis can be vital.

Subsequent: South Korea might approve Bitcoin ETFs if Japan strikes first! – Right here’s why

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Please enter CoinGecko Free Api Key to get this plugin works.