Reddit Co-Founder’s Big Idea: Making TikTok “On Chain”
Imagine this: TikTok, but you’re in charge of your own data, and creators can connect directly with their fans. That’s the exciting plan Reddit co-founder Alexis Ohanian has in mind. He’s teaming up with Frank McCourt to buy TikTok’s U.S. operations and turn it into a decentralized platform using blockchain technology. Let’s dive into this bold new idea!
What’s the Big Idea?
Ohanian wants to bring TikTok “on chain,” which means using the Frequency blockchain to create a decentralized version of the app. This would give users control over their data and let creators own their audience. No more big companies deciding what happens with our data or creators’ fans!
How Would It Work?
- Blockchain Power: The Frequency blockchain would make sure TikTok can handle lots of users and work well with other social apps.
- You’re in Control: Users would decide what happens with their data. No more sneaky data collection or sharing!
- Creators Rule: Creators would own their audience, so they can build direct relationships with their fans without needing big companies to help.
Challenges and Opportunities
This plan isn’t without its challenges. Other people want to buy TikTok too, and the U.S. government has some concerns. But if Ohanian and McCourt succeed, it could change social media forever by making it all about you and the creators you love!
Who’s Also Interested?
Other investors, like Jesse Tinsley and MrBeast, are also trying to buy TikTok’s U.S. assets. It’s like a big game of who wants to make TikTok better!
What Does This Mean for the Future?
If Ohanian’s plan works, it could be a huge step towards making social media all about you and the creators you love. No more big companies deciding what happens with our data or creators’ fans. It’s an exciting time for social media!
Sources: voi.id, theblock.co