Story Highlights
- Alexis Ohanian joined Undertaking Liberty to decentralize TikTok.
- Polkadot’s Frequency gives customers with management over knowledge and content material.
- The thought intends to develop a clear, user-owned social platform.
Reddit’s co-founder, Alexis Ohanian, has collaborated with Undertaking Liberty’s bid for the acquisition of TikTok’s US operations on a quest to decentralize the platform utilizing blockchain know-how. His involvement, initially reported by Reuters on March 3, represents an try at revolutionizing social media by guaranteeing customers and knowledge take precedence over possession.
Undertaking Liberty, which was began by billionaire Frank McCourt, is on the forefront of shopping for TikTok’s U.S. operation and re-architecting it on a decentralized mannequin. Ohanian, who has made early bets on crypto and Web3, has joined as a strategic adviser. He brings his imaginative and prescient for a extra equitable and clear social media panorama.
Alexis Ohanian Joins Bid to Decentralize TikTok With Blockchain
Ohanian corroborated his involvement in an X post, mentioning his conviction that customers personal their knowledge and creators personal their viewers. He made it clear that Frequency, an open social networking protocol on Polkadot, can be the muse of this shift. Through the use of blockchain, Frequency believes it could possibly reclaim energy from the central platforms and provides people absolute management over their very own content material and knowledge.
McCourt’s crew sees this takeover as a possibility to reshape the web universe. They intention to remove the necessity for mysterious algorithms and insidious knowledge conduct. He believes it is going to deliver larger accountability and openness. In accordance to him, this transfer will increase the bar on social media governance.
Ohanian is a agency believer in blockchain and Web3 know-how. Reddit purchased vital cryptocurrencies akin to Bitcoin, Ethereum, and Polygon in 2022, though the web site later offered most of them. His expertise within the crypto world and the tech universe positions him on the helm of this formidable endeavor. He brings precious experience to drive the undertaking’s success. He’s well-equipped to lead this initiative.
The supply to purchase TikTok’s American operation comes as regulators and lawmakers scrutinize knowledge harvesting practices on the platform and its possession. If authorised, its use of blockchain know-how would set an instance for the way forward for social media. This shift would reclaim management from corporations and place it into the arms of individuals.
Led by Undertaking Liberty and Ohanian, the decentralization of TikTok marketing campaign is a step towards reshaping how on-line platforms function. This initiative guarantees an period the place people will acquire management over their on-line lives.
