As Alexis Ohanian announced on X, he officially joined the Liberty Project’s acquisition of Tiktok project in the U.S. and said he would “chain” it.
Reddit Co-founder Announcement
“He has a wide range of experience … where social media is, I think there is a keen understanding of where it is going,” Billionaire American businessman and Project Liberty founder Frank McCourt told Reuters, a co-founder of Reddit. Since then, Ohanian shared his thoughts on X after McCourt welcomed the Reddit co-founder to the Tiktok Accalisition team. According to McCourt, Ohanian brings valuable experience to play a key role in acquiring Tiktok’s U.S. assets.
Exciting news from the digital world…
I am now officially one of the people trying to buy Tiktok us and bring it to the chain.
Tiktok has always been a game changer for creators, and its future should be built by them↓ pic.twitter.com/spq1ppv1kk
– Alexis Ohanian🗽 (@AlexisoHanian) March 4, 2025
He also firmly stated his goal to integrate this social media platform with “Bring It-On-Chain” with blockchain technology. As co-founder of Reddit, one of the world’s largest social media sites, he confirmed the fact that creators should have their audience and users have their data, which is the driving force behind Ohanian’s announcement to link it.
To make this vision a reality, Ohanian explained that McCourt plans to use frequency, a network designed to give users complete control over their social data. Frequency was originally launched as Polkadot Parachain and is part of the Decentralized Social Networking Protocol (DSNP) of the Open Protocol developed by McCourt’s Project Liberty. The program aims to set new standards for social media and data ownership.
“Frequency will make these principles a reality. And, thanks to the core transparency and accountability, this new Tiktok will not only be fairer, but will be bigger.” Released Ohanian’s belief in the future of Tiktok and Frequency.
The impact of expectations on the crypto market
Ohanian is no stranger to the cryptocurrency space, and he actively invests in blockchain and cryptocurrencies through his venture capital firm (seven six people). His company participates in fundraising for small companies such as boring Ape Yacht Club creators Yuga Labs, Doodles, Rainbow and Sorare. As Reddit’s co-founder, the cryptocurrency market expects his latest move to have a significant impact.
- Added blockchain adoption to social media: If the deal is successful, Tiktok (more than 170 million users in the United States) will become one of the first major social media platforms to fully integrate blockchain technology. This will raise public awareness and adoption of blockchain, thus expanding its perception beyond financial applications such as Bitcoin and Ethereum.
- Impact on investor sentiment and crypto price: The participation of high-profile figures like Ohanian may inspire confidence among investors. The news could spark a wave of speculation, especially for tokens associated with decentralized social media (DESOC) or layer 1 blockchain projects.
- Impact on regulation and policy: While integrating blockchain into Tiktok, there will be strict U.S. regulations, especially with several challenges in data privacy and national security, but the success of the project may prompt the U.S. government to reconsider its approach to cryptocurrencies and may lead to more favorable policies.
Ohanian has been involved in the acquisition of Tiktok and bringing its “chain” into a bold move that has the potential to reshape the crypto market and the social media industry. Let us look forward to the positive movement in the crypto market.
