Reddit Co-Founder Joins Project Liberty’s Bid to Bring TikTok On-Chain

Reddit co-founder Alexis Ohanian has officially joined Project Liberty’s ambitious bid to acquire TikTok U.S. operations, with a vision to transition the platform to blockchain technology. Confirming his involvement in a March 3 post on X, Ohanian stated his goal is to give users and creators full ownership over their data and audience. “I’m officially now one of the people trying to buy TikTok US — and bring it on-chain,” he wrote. His announcement follows a report by Reuters that Project Liberty is also assembling a consortium to acquire the social media giant and integrate blockchain-powered digital identity solutions. McCourt’s vision for TikTok aligns with Ohanian’s advocacy for decentralization, focusing on a social network structure where users retain control over their personal data. The proposal centers around Frequency, a decentralized protocol built on Polkadot, designed to create a transparent and user-driven social media ecosystem. A Decentralized TikTok: Fairer and More Transparent? Ohanian’s belief in blockchain-based social media is rooted in his experience with digital platforms. He emphasized that TikTok has revolutionized content creation but that its future should be built with creators in mind. “TikTok has been a game-changer for creators, and its future should be built by them,” Ohanian said. “Frequency will empower these principles to become reality. And with transparency and accountability at the core, this new TikTok won’t just be fairer — it’ll be GREATER.” Project Liberty’s approach aims to shift control away from centralized entities and toward a system where users own their interactions. If successful, this move could disrupt the traditional ad-driven social media model, positioning TikTok as a pioneer in Web3 adoption. Ohanian’s Blockchain Experience Ohanian is no stranger to blockchain innovation. His involvement in crypto dates back to Reddit’s strategic investment in Bitcoin, Ethereum, and Polygon (POL) in 2022. Reddit also introduced blockchain-based avatars, Reddit Collectible Avatars , leveraging NFTs on Polygon. However, as NFT demand waned, the initiative lost momentum, and the company eventually shut down its blockchain rewards system, Community Points , in late 2023. Despite past challenges, Ohanian remains committed to a decentralized internet. His backing of Project Liberty suggests he envisions a new era where social media platforms empower users rather than exploit them. The post Reddit Co-Founder Joins Project Liberty’s Bid to Bring TikTok On-Chain appeared first on TheCoinrise.com .