
Jakarta, Pintu News – Reddit founder Alexis Ohanian has announced plans to buy TikTok’s US operations and integrate them with blockchain technology. The move is expected to change how users and creators control their data and interactions on the platform.
Check out the full news below!
According to Coingape, Alexis Ohanian, the co-founder of Reddit, is now involved in an effort to buy TikTok in the United States. Together with Frank McCourt and Project Liberty, Ohanian plans to implement blockchain technology to give users greater control over their data.
This technology is expected to provide greater transparency and security in managing user data. With his extensive experience in technology and social media, Ohanian is confident that blockchain integration will significantly change TikTok’s operations.
This plan will protect users’ data and give them the opportunity to own a part of the TikTok ecosystem through digital ownership.
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One of the main focuses of Ohanian’s plan is to empower content creators on TikTok. By bringing the platform to blockchain, creators will have greater control over their work and how they earn.
This includes the potential for monetization through micropayments using cryptocurrencies and the application of non-fungible tokens (NFTs) to digital works. Creators will be able to manage the copyright and distribution of their content more effectively, giving them the power to monetize their works directly to fans without intermediaries.
This will hopefully open new doors for creators to innovate and develop their work in the ever-evolving digital era.
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While this plan offers many benefits, Ohanian and his team have had to face regulatory challenges. Integrating blockchain technology into a platform as large as TikTok requires compliance with various regulations, both in the United States and globally.
This includes compliance with rules set by the United States Securities and Exchange Commission (SEC) and other regulatory bodies. In addition, there are still concerns regarding public acceptance of cryptocurrencies and blockchain.
User education and transparency in implementation will be key to overcoming these barriers and ensuring wide adoption of this new technology among TikTok users.
Alexis Ohanian’s ambitious plan to bring TikTok into the blockchain ecosystem promises to revolutionize how social media platforms operate and how users and creators interact with technology. If successful, it will mark a new chapter in the evolution of social media, with a greater focus on privacy, security, and digital ownership.
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