Reddit co-founder Alexis Ohanian hinted at buying TikTok and putting it on-chain

Alexis Ohanian, co-founder of Reddit, hinted at buying TikTok. He also stated plans to put the social media on-chain. 

Alexis Ohanian, co-founder of Reddit, hinted at the possibility of acquiring TikTok US and suggested he might put some of the social media’s features on-chain. The social network is still accessible for US-based accounts, despite the recent ban.

TikTok discontinued its service briefly on January 18, but returned to app stores and continues to be accessible for US-based content creators. 

Ohanian suggests putting TikTok on the blockchain

Ohanian went a step further, suggesting he may put TikTok on-chain. His interest in TikTok is part of the People’s Bid for TikTok initiative. The consortium deal, also backed by Kevin O’Leary of Shark Tank, will include crowd funding and the potential to hold a small stake of the newly acquired company. For now, Ohanian has not detailed where the on-chain component will fit, but it would be possible to tokenize those small shares.

Exciting news for the digital world…

I’m officially now one of the people trying to buy TikTok US — and bring it on-chain.

TikTok has been a game-changer for creators, and it’s future should be built by them↓ pic.twitter.com/SPq1Ppv1kK

— Alexis Ohanian