OnlyFans Founder's Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain 'American Ownership And Governance'

Ladies and gentlemen, buckle up! The race to acquire TikTok is heating up, and the latest contenders are none other than Tim Stokely, the founder of OnlyFans, and the HBAR Foundation. This dynamic duo has thrown their hats into the ring with a bold bid that could revolutionize the social media landscape. Let's dive into the details and see why this partnership is a game-changer!



First things first, let's talk about the strategic advantages that Zoop and the HBAR Foundation bring to the table. Zoop, founded by Tim Stokely, is a social media platform that rewards both creators and their community members for their engagement. This aligns perfectly with their vision of creating a new paradigm where both creators and their communities benefit directly from the value they generate. As Zoop co-founder RJ Phillips stated, "Our bid for TikTok isn’t just about changing ownership, it’s about creating a new paradigm where both creators and their communities benefit directly from the value they generate." This focus on creator and community benefits sets Zoop apart from traditional social media giants and could potentially attract creators and users who are dissatisfied with the current revenue-sharing models of other platforms.

Now, let's talk about the HBAR Foundation. They manage the Hedera cryptocurrency network, which is a decentralized, open-source, proof-of-stake public ledger. Hedera's technology could provide a secure, transparent, and enterprise-grade public ledger for TikTok, addressing some of the national security concerns that have led to the potential ban. As Phillips noted, "Hbar operates the Hedera network, 'a secure, transparent, and enterprise-grade public ledger' blockchain technology based in the US." This could potentially work in Zoop's favor, as it addresses one of the key concerns of the US government regarding TikTok's ownership.

In comparison, Amazon's bid for TikTok is not being taken seriously by various parties involved in the talks. As reported by the New York Times, "various parties 'who have been involved in the talks do not appear to be taking Amazon’s bid seriously." This could be due to Amazon's lack of experience in the social media space, as well as its existing ties to TikTok, which could potentially create conflicts of interest. Additionally, Amazon's previous attempts to create a TikTok clone, called Inspire, were unsuccessful, which could further undermine its bid.

Oracle, on the other hand, has a more established presence in the technology industry and has previously expressed interest in acquiring TikTok. Oracle announced in 2020 that it had a 12.5 per cent stake in TikTok Global after securing its business as the app's cloud technology provider. However, Oracle's bid is part of a consortium that includes the private equity firm Blackstone, which could potentially create a more complex ownership structure for TikTok. Additionally, Oracle's focus on cloud technology may not align with TikTok's need for a secure and transparent public ledger, as provided by Hedera's technology.

The proposed model of Zoop, which aims to reward both creators and their communities, differs significantly from TikTok's current revenue-sharing structure. According to Zoop co-founder RJ Phillips, "Our bid for TikTok isn’t just about changing ownership, it’s about creating a new paradigm where both creators and their communities benefit directly from the value they generate." This statement suggests that Zoop's model would involve a more equitable distribution of revenue, where creators and their communities would receive a larger share of the profits generated by their content.

In contrast, TikTok's current revenue-sharing structure is often criticized for favoring the platform itself over the creators. As Phillips noted, "Tech platforms for businesses like this should merely be the facilitator for creators. Creators have a hard enough time making steady income." This implies that TikTok's current model may not adequately compensate creators for their contributions, which could lead to lower user engagement and content quality over time.

If Zoop's proposed model were to be implemented, it could have a significant impact on user engagement and content quality. By rewarding both creators and their communities, Zoop could incentivize creators to produce higher-quality content and encourage users to engage more actively with the platform. This could lead to a more vibrant and dynamic community, where users feel valued and motivated to contribute to the platform's success. As Phillips stated, "For us it's always going to focus on creators first, and not on shareholders first." This focus on creators could help to foster a more sustainable and equitable ecosystem, where both creators and users benefit from the platform's growth and success.



So, what does this all mean for TikTok and its users? It means that the future of the platform could be in the hands of a company that truly values its creators and community. It means that the potential ban could be averted, and TikTok could continue to thrive under American ownership and governance. It means that the social media landscape could be on the brink of a revolution, where creators and users are finally given the recognition and compensation they deserve.

So, stay tuned, folks! The race to acquire TikTok is far from over, and the stakes have never been higher. This is a no-brainer! The partnership between Zoop and the HBAR Foundation is a game-changer, and it could very well be the key to TikTok's future success. So, do this! Keep an eye on this developing story, and get ready for the next big thing in social media!