Reddit Lianchuang joins the bidding team to acquire TikTok, planning to "open" the social app

PANews March 5th news, according to The Block, Reddit co-founder Alexis Ohanian is seeking to acquire TikTok to "open" the social media app. The app plans to integrate the Frequency blockchain, a "decentralized social media protocol" designed to give users control over their web content. "This is exciting news from the digital world. I am now officially one of the people trying to acquire TikTok's US business and put it on the chain, and TikTok is a game changer for creators, whose future should be shaped by them. Users should have their data. Creators should have their audience."

Ohanian joins Project Liberty, a bidding team for the acquisition of TikTok's U.S. business by Frank McCourt, former Los Angeles Dodgers boss, and will serve as a strategic consultant focused on social media.