Reddit Co-Founder Eyes Blockchain Future: Wants to Buy TikTok

Reddit’s Co-Founder Wants to Make TikTok Better with Blockchain

Imagine this: you’re scrolling through TikTok, and suddenly you realize that all your funny dance videos and creative ideas are yours to keep, forever. No more worries about data privacy or who’s looking at your stuff. That’s exactly what Reddit’s co-founder, Alexis Ohanian, is trying to make happen!

What’s the Plan?

Ohanian has joined forces with Frank McCourt to buy TikTok’s U.S. operations. But they’re not just after the app; they want to make it better by using something called blockchain technology. This would give you, the user, control over your data and content. No more big corporations telling you what to do with your stuff!

Who’s Who in This Plan?

    • Alexis Ohanian: He’s the smart guy behind Reddit and knows a lot about social media and blockchain. He wants to use his knowledge to make TikTok even cooler.
    • Frank McCourt: He used to own the Los Angeles Dodgers and now he’s leading “The People’s Bid.” He wants to make sure you have control over your data and privacy.
    • Project Liberty: This is the team that wants to rebuild social media platforms so that you, the user, are in charge of your data.

Why is This a Big Deal?

This plan has some big challenges, like other people also wanting to buy TikTok and the current owners not wanting to sell. But if it works, it could change how social media platforms work forever. You’d have more control over your stuff, and that’s a good thing!

How Does Blockchain Help?

Blockchain is like a big, secure book that everyone can see but no one can change without everyone knowing. It’s a safe way to manage data, so you can trust that your stuff is safe and only you can decide who sees it.

What Else Could Happen?

If TikTok uses blockchain, it could help with some big problems, like people worrying about their data and where it goes. It could also help with rules about social media and how it works.

What’s Next?

So, what do you think? Would you like to have more control over your TikTok videos and data? Let’s hope Ohanian and McCourt can make this happen and bring us a better, safer TikTok!

Sources:

Back To Top