As Alexis Ohanian introduced on his X, he formally joined Undertaking Liberty’s bid to amass TikTok within the U.S. and said he would convey it “on-chain.”.
Reddit Co-Founder announcement
“He has that broad portfolio of experience… of where social media was and, I think, a keen understanding of where it’s evolving,” Frank McCourt, billionaire American businessman and Undertaking Liberty founder, advised Reuters of the Reddit co-founder. Proper after that, Ohanian shared his ideas on X after McCourt welcomed the Reddit co-founder to the group of TikTok Acquisition. In line with McCourt, Ohanian brings beneficial expertise that would play a key function within the effort to amass TikTok’s U.S. belongings.
Thrilling information for the digital world…
I’m formally now one of many individuals attempting to purchase TikTok US — and produce it on-chain.
TikTok has been a game-changer for creators, and it’s future ought to be constructed by them↓ pic.twitter.com/SPq1Ppv1kK
— Alexis Ohanian 🗽 (@alexisohanian) March 4, 2025
He additionally firmly said his goal to combine this social media platform with blockchain expertise by “bring it on-chain.”. As a co-founder of Reddit, one of many largest social media websites on the planet, he confirmed on X the truth that creators ought to personal their viewers, whereas customers personal their information, because the driving drive behind Ohanian’s announcement of bringing it on-chain.
To make this imaginative and prescient a actuality, Ohanian defined that McCourt plans to make use of Frequency, a layer-1 community designed to present customers full management over their social information. Initially launched as a Polkadot parachain, Frequency is constructed as a part of the Decentralized Social Networking Protocol (DSNP), an open protocol developed by McCourt’s Undertaking Liberty. This initiative goals to set a brand new commonplace for social media and information possession.
“Frequency will empower these principles to become reality. And with transparency and accountability at the core, this new TikTok won’t just be fairer—it’ll be GREATER.” posted Ohanian with a powerful perception within the onchain way forward for TikTok and Frequency.
Anticipated affect on the crypto market
Ohanian isn’t any stranger to the crypto area, actively investing in blockchain and cryptocurrency by way of his enterprise capital agency, Seven Seven Six. His agency has participated in fundraising for main corporations equivalent to Bored Ape Yacht Membership creator Yuga Labs, Doodles, Rainbow, and Sorare. As Reddit’s co-founder, the crypto market is anticipating a big affect after his newest transfer.
- Rising blockchain adoption in social media: If the deal succeeds, TikTok—with over 170 million customers within the U.S.—may change into one of many first main social media platforms to completely combine blockchain expertise. This might increase public consciousness and adoption of blockchain, increasing its notion past monetary purposes like Bitcoin and Ethereum.
- Affect on investor sentiment and crypto costs: The involvement of a high-profile determine like Ohanian may encourage confidence amongst traders. This information may set off a wave of hypothesis, significantly for tokens tied to decentralized social media (DeSoc) or layer-1 blockchain tasks.
- Affect on regulation and coverage: Whereas integrating blockchain into TikTok would face a number of challenges with strict U.S. rules, particularly concerning information privateness and nationwide safety, the success of this mission may immediate the U.S. authorities to rethink their strategy to crypto, probably resulting in extra favorable insurance policies.
Ohanian’s involvement in buying TikTok and bringing it “on-chain” is a daring transfer with the potential to reshape each the crypto market and the social media business. Let’s look ahead to constructive actions within the crypto market.
