Reddit co-founder Alexis Ohanian has officially announced his interest in purchasing TikTok to integrate it with blockchain technology. As a strategic adviser for Frank McCourt’s Project Liberty, Ohanian actively seeks to implement Web 3 technologies into TikTok.
Through his acquisition effort, he seeks to transform social media ownership by establishing user data sovereignty and creator audience independence. “I’m officially now one of the people trying to buy TikTok US—and bring it on-chain,” Ohanian shared on X (formerly Twitter).
His plan involves transforming TikTok into a decentralized platform that would give power to creators and users, according to his recent statements. Ohanian believes TikTok should transform into an on-chain system that allows creators to receive cryptocurrency payments directly.
The upcoming transformation will include non-fungible token (NFT) integration, which takes its cues from Reddit’s digital collectible success. The selection of blockchain technology between Layer 1 and Layer 2 solutions remains uncertain for Ohanian.
Ohanian’s aggressive move toward reshaping social media faces regulatory obstacles despite its potential to disrupt the industry because of ongoing crypto space investigations. Ohanian expresses confidence about the future vision, which he believes will redefine how digital communities operate.
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