Reddit co-founder joins the bidding team to acquire TikTok, planning to "put the social app on the blockchain."

2025-03-05 08:08:11

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ChainCatcher news, according to The Block, Reddit co-founder Alexis Ohanian is seeking to acquire TikTok to "put the social media app on-chain." The app plans to integrate the Frequency blockchain, which is a "decentralized social media protocol" aimed at giving users control over their network content.

Ohanian posted on X: "This is an exciting announcement for the digital world. I am now officially one of those trying to acquire TikTok's U.S. operations and put it on-chain. TikTok is a game changer for creators, and its future should be shaped by them. Users should own their data. Creators should own their audience."

Ohanian has joined the bidding team Project Liberty, previously announced by former Los Angeles Dodgers owner Frank McCourt, which is focused on acquiring TikTok's U.S. operations and will serve as a strategic advisor concentrating on social media.

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