Reddit co-founder joins bid to buy TikTok and bring it on-chain

Alexis Ohanian, co-founder of Reddit, confirmed that he was one of those who sought to acquire the US Tiktok operations.

If the attempt to buy the American company of the abbreviated video platform succeeds, Ohanian said that the objective is to put it in chain.

The co-founder of Reddit noted it after Reuters reported The fact that he joined Frank McCourt’s attempt to buy Tiktok Us Ohania, an eminent individual in the technological space of social media and in Silicon Valley, will work with McCourt and Project Liberty as a strategic advisor.

“Tiktok has changed the game for creators, and its future should be built by them,” added Ohanian.

Ohanian’s remarks on X follow McCourt’s comments according to which he welcomes the co-founder of Reddit as part of the offer. He is an experienced individual whose contributions could be important in the attempt to resume Tiktok’s assets in the United States, said McCourt.

Most importantly, Ohanian understands social media space and “where he evolves”.

The vision of Project Liberty for Tiktok US includes the integration of Blockchain technology, giving users greater control over their data, its use and sharing.

Commenting on this and how Ohanian could help, McCourt noted:

“Where it can help mainly, it is validating but socializing what we do. It is a project that has a very sophisticated technology at the heart, and you are therefore dealing with a very specific audience when it comes to demonstrating the validity of this technology and in its operation, and why this is necessary. “”

Tiktok belongs to Bytedance, a Chinese Internet company. The application was briefly part of the American application stores after the entry into force of a prohibition, Apple and Google replaced it after the intervention of President Donald Trump. Merchants on the prediction markets see ratings of a ban as being higher.

Ohanian’s investment portfolio includes Instacart, Patreon and Opensea.