Reddit Co-Founder’s Big Idea: Making TikTok “On Chain”
Imagine this: a world where you control your own data on social media, and creators have direct connections with their audience. That’s the future Reddit co-founder Alexis Ohanian is hoping to create with his plan to buy TikTok’s U.S. operations and bring it to the blockchain. This is not just a simple buyout; it’s a revolution in the making!
What’s the Plan?
Ohanian, along with Frank McCourt, wants to create a decentralized TikTok using the Frequency blockchain. This means users will have full control over their data, and creators will own their audience. No more big companies deciding what happens with your data or who sees your content!
How Will It Work?
- Blockchain Magic: The Frequency blockchain will make sure TikTok runs smoothly and can talk to other apps.
- You’re in Control: You decide what happens with your data. No more mysterious data policies!
- Direct Connections: Creators can talk directly to their audience without any middlemen.
But What’s the Catch?
This plan isn’t without its challenges. Other people want to buy TikTok too, and there are some concerns about national security. But if Ohanian and McCourt succeed, it could change the way we think about social media forever!
Who Else Wants TikTok?
Besides Ohanian and McCourt, there are other groups interested in buying TikTok’s U.S. assets. Even YouTubers like MrBeast want a piece of the action! But right now, TikTok’s parent company, ByteDance, isn’t involved in the process, so no one knows what will happen.
So, What’s Next?
Ohanian’s plan to make TikTok “on chain” is a big deal. It could mean a future where we have more control over our data and creators have more power. Even though there are challenges, this plan shows us that the future of social media might look very different from what we have now.
Stay tuned to see what happens next in this exciting story!
Sources: voi.id, theblock.co