Reddit co-founder Alexis Ohanian has announced that he is part of a group aiming to acquire TikTok’s US operations and transition the platform to blockchain technology. The bid focuses on implementing a blockchain protocol called Frequency, which would allow users to control their data and content. This proposal aims to change how TikTok’s 170 million US users manage their digital presence. Ohanian’s group, which includes investor Kevin O’Leary, is competing with potential buyers like Microsoft and Oracle. However, ByteDance, the parent company of TikTok, has not confirmed plans to sell, and technical challenges may arise in adapting TikTok’s platform to blockchain infrastructure.



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