Co-founder platform "Reddit" seeks to purchase "TikTok" and transform it into a blockchain-based platform
Co-founder of Reddit is seeking to buy TikTok and transform it into a blockchain-based platform. Co-founder of Reddit is seeking to buy TikTok and transform it into a blockchain-based platform.
"Alexis Ohanian", co-founder of "Reddit", announced his joining efforts to buy the "TikTok" platform in the United States and convert it into blockchain technology using the "Frequency" protocol, giving users greater control over their data and content.
This comes amid pressure on "ByteDance" to sell TikTok US by April, according to the Biden administration's law.
The "Ohanian" group, which includes investor "Kevin O'Reilly", is competing with major companies such as "Microsoft" and "Oracle".
"ByteDance" has not officially confirmed its intention to sell, and there are still technical challenges regarding how to adapt the massive platform to blockchain infrastructure.