๐จ๐จ #HBARFoundation ๐จ $HBAR ๐จ
๐จ BREAKING:
Partnership Announcement:
๐ ๏ธ The $HBAR Foundation has partnered with Tim Stokely, the founder of OnlyFans, through his new company Zoop, to submit a bid for TikTok's U.S. operations.
โณ This bid was submitted just days before the April 5 deadline set by the U.S. government, after which ByteDance may face a ban unless it divests its U.S. operations.
Strategic Vision:
๐ค The goal is to create a "creator-first" platform, focusing on benefiting both content creators and their communities using blockchain technology.
๐ They aim to enhance TikTokโs model by integrating DeFi elements and decentralization.
Other Major Bidders:
๐ข The bid comes amid rising competition from major tech giants like Amazon, Oracle, and Microsoft, all seeking to acquire TikTok due to national security concerns.
Deadline for ByteDance:
๐ TikTokโs parent company ByteDance faces an April 5, 2025 deadline to sell its U.S. operations or face potential shutdown in the U.S. market.
National Security Concerns:
๐บ๐ธ The U.S. government has expressed security concerns about TikTok's data, primarily because of its Chinese ownership, prompting the divestiture requirement.
Potential Impact:
๐ฎ The outcome of this bidding process could dramatically reshape TikTokโs future in the U.S. and shift how social media platforms operate, especially with blockchain integration for content creation.
The situation is heating up with several players involved, and the final decision will have major implications for the future of social media.