As Alexis Ohanian introduced on his X, he formally joined Undertaking Liberty’s bid to amass TikTok within the U.S. and acknowledged he would deliver it “on-chain.”.
Reddit Co-Founder announcement
“He has that broad portfolio of expertise… of the place social media was and, I feel, a eager understanding of the place it’s evolving,” Frank McCourt, billionaire American businessman and Undertaking Liberty founder, informed Reuters of the Reddit co-founder. Proper after that, Ohanian shared his ideas on X after McCourt welcomed the Reddit co-founder to the workforce of TikTok Acquisition. In line with McCourt, Ohanian brings priceless expertise that might play a key position within the effort to amass TikTok’s U.S. belongings.
Thrilling information for the digital world…
I’m formally now one of many individuals making an attempt to purchase TikTok US — and convey it on-chain.
TikTok has been a game-changer for creators, and it’s future must be constructed by them↓ pic.twitter.com/SPq1Ppv1kK
— Alexis Ohanian 🗽 (@alexisohanian) March 4, 2025
He additionally firmly acknowledged his intention to combine this social media platform with blockchain expertise by “deliver it on-chain.”. As a co-founder of Reddit, one of many greatest 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 power 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 provide 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 customary for social media and information possession.
“Frequency will empower these rules to grow to be actuality. And with transparency and accountability on the core, this new TikTok gained’t simply be fairer—it’ll be GREATER.” posted Ohanian with a robust perception within the onchain way forward for TikTok and Frequency.
Anticipated impression on the crypto market
Ohanian isn’t any stranger to the crypto house, actively investing in blockchain and cryptocurrency by means 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 major impression after his newest transfer.
Growing blockchain adoption in social media: If the deal succeeds, TikTok—with over 170 million customers within the U.S.—might grow to be 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 might encourage confidence amongst traders. This information would possibly set off a wave of hypothesis, notably for tokens tied to decentralized social media (DeSoc) or layer-1 blockchain tasks.Impression 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 undertaking might 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 sit up for optimistic actions within the crypto market.
