Reddit Co-Founder Joins Bid to Acquire TikTok, Bring It on-Chain

Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has officially joined the TikTok purchase race. He is looking to bring the app on-chain.

Background

• The Reddit co-founder believes TikTok has been a game-changer for creators, and they should be the ones building its future
• Alongside, he envisions empowering users by helping them own their data

Why should you pay attention?

• Ohanian intends to make TikTok a platform “for the people, by the people” by setting a “new standard”
• Stalwarts from the community like Raoul Pal are on the same page as Ohanian snd his “amazing” initiative
  
  

Who said what?

• Specifically, Ohanian emphasized,

“Exciting news for the digital world… I'm officially now one of the people trying to buy TikTok US — and bring it on-chain”

• Matthew Sigel, the Head of Digital Assets at VanEck, said,

“On-chain TikTok Enters the Chat Right on Schedule. Welcome to 2025”

• Even though the wider community seems excited about the possibility ofTik-Tok stepping into the on-chain world, there are skeptics too
• While some remain unclear about the working dynamics, others don’t seem to be comfortable with the idea of their personal TikTok data being stored on-chain

Zooming out

• If the purchase-deal turns out to be in Ohanian’s favor, it will mark the dawn of a new era for consumers on-boarding the blockchain rails
• This, in turn, could help refuel the DeSoc (decentralized social networks) hype

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