Reddit co-founder wants to buy TikTok US and put it on-chain
Reddit co-founder Alexis Ohanian introduced at the moment he has joined efforts to accumulate TikTok’s US operations and transition the platform to blockchain expertise.
Thrilling information for the digital world…
I am formally now one of many individuals making an attempt to purchase TikTok US — and produce it on-chain.
TikTok has been a game-changer for creators, and it is future ought to be constructed by them↓ pic.twitter.com/SPq1Ppv1kK
— Alexis Ohanian 🗽 (@alexisohanian) March 4, 2025
The bid focuses on implementing Frequency, a blockchain protocol that will allow customers to manage their information and content material.
The proposal goals to rework how TikTok’s 170 million US customers handle their digital presence.
“Frequency modifications how social media might work—customers managing their very own information,” Ohanian wrote on X.
The transfer comes as ByteDance faces stress to promote TikTok’s American operations by early April, following a Biden administration legislation and subsequent extension by President Trump through govt order.
Ohanian’s group, which incorporates “Shark Tank” investor Kevin O’Leary, competes with potential consumers like Microsoft and Oracle.
“Image TikTok together with your viewers and work on-chain, no intermediaries,” Ohanian stated, describing his imaginative and prescient for the platform.
ByteDance has not confirmed plans to promote, and McCourt acknowledged the absence of a transparent valuation or asset record.
Technical challenges stay relating to the difference of TikTok’s large-scale platform to blockchain infrastructure.
