Reddit’s Co-Founder Wants to Make TikTok Better with Blockchain
Imagine this: you’re on TikTok, scrolling through funny videos, but this time, you’re in control of your data. That’s what Reddit’s co-founder, Alexis Ohanian, and some other people are trying to make happen. They want to buy TikTok’s U.S. operations and use something called blockchain to give users more power over their data. Let’s find out more about this interesting plan.
What’s the Big Idea?
Ohanian and his friends want to change how social media works. They think that right now, big companies have too much control over our data. With blockchain, users could own their own data and decide who gets to see it. This could make social media better and safer for everyone.
Who’s Involved?
- Alexis Ohanian: He’s the smart guy behind Reddit and knows a lot about social media and something called blockchain. He wants to help make this plan happen.
- Frank McCourt: He used to own a big sports team and now he’s leading this project. He wants to make sure users have control over their data.
- Project Liberty: This is the team behind the plan. They want to rebuild social media so that users are in charge of their data.
Why’s This a Big Deal?
If this plan works, it could change how social media works forever. Users would have more control over their data, which could make social media safer and more fun to use. But there are some big challenges to overcome first.
Blockchain: The Secret Weapon
Blockchain is like a big, secure book that everyone can see but no one can change once something is written down. It’s a way to keep data safe and make sure only the right people can see it. That’s why it could be perfect for social media.
More Than Just TikTok
This plan could have a big impact on the world. It could make people feel safer about using social media and might even change how the government thinks about social media rules.
What Happens Next?
Right now, there are other people who also want to buy TikTok. Also, the company that owns TikTok might not want to sell it. But if Ohanian and his friends can make this happen, it could be a huge change for social media.
Ohanian said, “TikTok has been a big hit with creators, and its future should be decided by them.” That means if this plan works, TikTok could be a lot more fun and safe for everyone who uses it.
Sources: crypto.news, musicbusinessworldwide.com, theblock.co