- Alexis Ohanian joins Project Liberty to acquire TikTok US and decentralize it using blockchain.
- “Frequency” protocol on Polkadot will empower users with control over their data and content.
In a groundbreaking move that could reshape the social media landscape, Reddit co-founder Alexis Ohanian has officially joined Project Liberty’s consortium to acquire TikTok’s US operations. Ohanian joins this consortium with a revolutionary vision of decentralizing the platform through blockchain technology.
The Alexis Ohanian involvement was first reported by Reuters on March 3, when Frank McCourt, founder of Project Liberty, announced that Ohanian would be joining as a strategic adviser. Ohanian’s strategic involvement signals a bold attempt to address long-standing concerns about data privacy and user control in the digital age.
Alexis Expressed His Privacy Concerns
On March 3 X post, Ohanian confirmed that he is trying to buy TikTok US and bring it on-chain. He expressed his concerns regarding data privacy and mentioned that users should own their data and creators should own their audience.
Alexis Said,
“Users should own their data. Creators should own their audience. Period. The Frequency will empower these principles to become reality. And with transparency and accountability at the core, this new TikTok won’t just be fairer—it’ll be GREATER.”
Ohanian is not a newbie to the crypto-verse. Previously in 2022, Reddit invested their reserves in major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Polygon (POL). However, they sold a big chunk of this investment in the third quarter of 2024.
Frank McCourt, the founder of Project Liberty, formed a consortium to try and buy TikTok’s U.S. operations. He plans to re-architect the platform so that users have control of their personal data.
To accomplish this, this project will utilize “Frequency”, a decentralized social network protocol based on Polkadot infrastructure. It will provide users ownership of their personal data and content.
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