- Frank McCourt’s consortium proposes to acquire TikTok U.S. assets using blockchain integration, ensuring data control and empowering users with ownership and transparency.
- The bid deploys the frequency blockchain protocol to record immutable data transactions, fostering enhanced transparency, accountability, and control over TikTok’s user information.
- Alexis Ohanian joins the bid as a strategic adviser, leveraging tech experience to promote blockchain integration and validate Project Liberty’s media approach.
Frank McCourt’s Project Liberty consortium has submitted a bid to acquire TikTok’s U.S. operations. The proposal integrates blockchain technology to enhance user data control and grant creators authority over their audience amid rising regulatory pressure.
TikTok U.S. Bid Overview
Frank McCourt announced the bid for TikTok’s U.S. assets in early January. ByteDance must sell these assets or face a ban under U.S. law. The bid meets national security requirements detailed in documents sent to the White House. Investors, including private equity funds and high-net-worth individuals, back the proposal.
TikTok experienced a brief shutdown in the United States before a delay was granted. President-elect Trump issued a 75-day postponement for enforcing the ban. Vice President JD Vance now oversees the sale process. Competing bids include one led by tech entrepreneur Jesse Tinsley and investors such as a well-known YouTube personality and a Wyoming entrepreneur.
Blockchain Integration and Data Control
Project Liberty will integrate its frequency blockchain protocol into TikTok’s U.S. platform. The protocol records data transactions on an immutable ledger. This system aims to secure user information and ensure data transparency. Blockchain technology creates tamper-proof records that verify each data transaction.
A tweet by Wu Blockchain stated, “Users should own their data and creators should control their audience.” The tweet reinforces the bid’s focus on individual data control. The blockchain approach offers clear records and improves accountability on the platform. This method intends to modernize data management for millions of users.
Advisory Role of Alexis Ohanian
Alexis Ohanian has joined the bid as a strategic adviser specializing in social media. He is the co-founder of Reddit and a seasoned tech investor with broad industry experience. Ohanian will promote Project Liberty and validate its technical framework. His involvement is expected to appeal to both technical experts and everyday users.
McCourt described the project as having sophisticated technology that caters to diverse audiences. Ohanian’s background in digital innovation strengthens the consortium’s market position. He supports the blockchain solution that secures user data effectively. His advisory role provides confidence to investors and regulators during this critical process.
The bid now faces intense regulatory review as ByteDance evaluates its options. The outcome will determine TikTok’s operational future in the United States. All parties closely monitor the evolving process under strict government oversight.
