Ohanian's Blockchain Bid: Revolutionizing TikTok's US Operations
1min read Reddit co-founder Alexis Ohanian has announced his intention to acquire TikTok's US operations and transition the platform to blockchain technology. This move aims to empower creators and give users more control over their data and content.
Ohanian, who co-founded reddit in 2005, has joined efforts to purchase TikTok's US operations. He plans to implement Frequency, a blockchain protocol that would enable users to manage their own data and content. This proposal seeks to transform how TikTok's 170 million US users interact with the platform.
In a post on X, Ohanian wrote, "Frequency changes how social media could work—users managing their own data." This statement highlights the potential impact of the proposed blockchain integration on the social media landscape.
The acquisition bid comes amidst pressure on ByteDance, TikTok's parent company, to sell its American operations. The Biden administration initially set a deadline of early April, which was later extended by President Trump via executive order.
The proposed acquisition and blockchain integration could significantly alter the dynamics of the social media industry, potentially shifting power from corporations to users. As the details of the proposal continue to unfold, the digital world eagerly awaits further developments.
