Reddit co-founder Alexis Ohanian has officially joined efforts to acquire TikTok’s U.S. operations, aligning with Project Liberty’s mission to decentralize digital platforms. As a strategic advisor, Ohanian aims to transition TikTok onto blockchain technology, ensuring creators and users maintain ownership of their data and audiences.
Exciting news for the digital world...
— Alexis Ohanian 🗽 (@alexisohanian) March 4, 2025
I'm officially now one of the people trying to buy TikTok US — and bring it on-chain.
TikTok has been a game-changer for creators, and it's future should be built by them↓ pic.twitter.com/SPq1Ppv1kK
The initiative, led by billionaire Frank McCourt, seeks to rearchitect TikTok through Frequency, a decentralized social network protocol built on Polkadot. This move comes as the U.S. government considers a nationwide ban on TikTok due to national security concerns over its Chinese ownership. By bringing TikTok “on-chain,” the group hopes to alleviate regulatory pressures while reshaping the platform into a more transparent and user-centric ecosystem.
This is not Ohanian’s first foray into blockchain and Web3 innovation. His company, Reddit, previously invested in Bitcoin, Ethereum, and Polygon, and launched Reddit Collectible Avatars, a blockchain-powered NFT system. However, despite early success, the platform later shut down its Community Points rewards service in late 2023 due to scalability challenges.
@alexisohanian is one of the top humans on the planet when it comes to shaping the future of social, and we're massively excited to have him join The People's Bid for TikTok and @pro_jectliberty's efforts to bring the platform on chain. 🗽🗽🗽 https://t.co/LFgyxTov4O
— Tomicah Tillemann 🗽 (@TomicahTD) March 3, 2025
With the potential acquisition, Ohanian and McCourt envision a blockchain-powered TikTok where creators are fairly compensated and users gain greater control over their digital identities. By leveraging decentralized protocols, they aim to shift the social media landscape towards a more equitable, censorship-resistant model.
While TikTok’s future remains uncertain amid ongoing regulatory scrutiny, this bid could redefine digital ownership and reshape how major platforms operate in the Web3 era.
Kataryna Habeliia
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