Reddit co-founder Alexis Ohanian confirmed that he joined the Liberty Project Bid to get Tiktok’s US operation with the aim of bringing the platform to a blockchain.
Ohanian’s involvement is first reported By Reuters on March 3, with project Liberty founder Frank McCourt announced by Ohanian will join as a strategic advisor who specializes on social media.
“I’m officially now one of the people who are trying to buy Tiktok – and take it to Onchain,” Ohanian confirmed on a March 3 x x Post.
Source: Alexis Ohanian
“Users must own their data. The creators should be owned by their audience. Time,” he added.
McCourt establishes Project Liberty and builds a consortium to buy Tiktok US operations and “rearchitect the platform to put people in control of their digital identities and data.”
The proposal centered on the use of “frequency,” a decentralized social network protocol that provides the ownership of users of their personal data and uses polkadot infrastructure.
“Tiktok has become a game changing for creators, and the future must be built on them,” Ohanian told X.
“Frequency will empower these principles to be reality. And with transparency and responsibility to the core, this new Tiktok will not only be fair – it will be bigger.”
Ohanian is not a stranger to blockchain tech. Since 2022, his platform, Reddit, has invested excess cash reserves in Bitcoin (Btc), Ether (Eth) and Poligon (Pol), although it sells most of them in the third quarter of 2024.
Source: Tomicah Tillemann
In 2022, Reddit also announced Avatar system supported by blockchain Called Reddit Collectible Avatars-a collection of polygons that are not based on tokens (NFT) that users can buy and add to their profiles, which also come to the perks.
Related: China can sell Tiktok to Musk if the US ban is passing
However, NFT sales fell along with crypto markets. The head of the Reddit RCA, Bianca Wyler, Get off From his role in January.
The platform also had the Blockchain -based reward service Called “Community Points,” closed in late 2023.
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