The co-founder of the "Reddit" platform seeks to buy "TikTok" and transform it into a blockchain-based platform
The co-founder of Reddit is seeking to purchase TikTok and convert it into a blockchain-based platform. The co-founder of Reddit is seeking to buy TikTok and transform it into a blockchain-based platform.
Alexis Ohanian, the co-founder of "Reddit," announced his involvement in efforts to purchase the "TikTok" platform in the United States and convert it to blockchain technology using the "Frequency" protocol, giving users greater control over their data and content.
This comes amid pressure on "ByteDance" to sell TikTok US by April, according to the Biden administration's law.
Ohanian's group, which includes investor Kevin O'Leary, is competing with major companies like "Microsoft" and "Oracle."
"ByteDance" has not officially confirmed its intention to sell, and there are still technical challenges regarding how to adapt the massive platform to blockchain infrastructure.