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Tech entrepreneur and Reddit co-founder Alexis Ohanian has reportedly joined a bid to acquire TikTok’s US operations, bringing with him a bold Web3 vision that could reshape the future of social media. As pressure mounts on TikTok’s Chinese parent company, ByteDance, to divest its US assets due to national security concerns, Ohanian’s involvement signals a potential shift toward decentralized, blockchain-powered social platforms.
Why TikTok’s US Sale is on the Table
The US government has long scrutinized TikTok over data privacy and security risks, citing concerns that the Chinese Communist Party (CCP) could access user data through ByteDance. Lawmakers are pushing for legislation that could ban TikTok unless its US arm is sold to an American entity.
With mounting regulatory pressure, major investors and tech entrepreneurs are eyeing a possible acquisition of TikTok’s US operations. Ohanian’s entry into the bid introduces an unexpected Web3 angle that could revolutionize the app’s business model.
Ohanian’s Web3 Vision for TikTok
Ohanian, a longtime advocate of blockchain technology and decentralized social media, reportedly sees TikTok’s potential as a Web3-native platform. While specific details remain unclear, his vision could include:
- Tokenized Creator Economy: Empowering content creators with blockchain-based ownership and monetization tools.
- Decentralized Data Control: Giving users more control over their personal data through decentralized identity solutions.
- NFT & Crypto Integrations: Expanding TikTok’s use of digital collectibles, building on past experiments like its NFT video moments initiative.
Ohanian’s investment firm, Seven Seven Six, has heavily backed Web3 startups, making his involvement in TikTok’s bid a potential turning point for mainstream blockchain adoption in social media.
Who Else is Competing for TikTok US?
Ohanian isn’t the only major player eyeing TikTok’s US operations. Other potential buyers reportedly include:
- Silicon Valley investors aligned with big tech firms.
- Media conglomerates looking to expand their digital footprint.
- Private equity firms seeking to capitalize on TikTok’s massive user base.
A deal, however, faces major hurdles, including regulatory scrutiny, valuation challenges, and ByteDance’s willingness to sell. Analysts estimate TikTok’s US arm could be worth between $40 billion and $100 billion, making it one of the largest tech acquisitions in history.
As discussions around a TikTok US buyout continue, Ohanian’s involvement could introduce a fresh perspective on the future of digital content and data ownership. If successful, a Web3-powered TikTok could redefine social media, putting more power into the hands of creators and users.
For now, all eyes are on Washington, ByteDance, and the growing list of potential buyers as TikTok’s fate in the US hangs in the balance.
