Consumer Crypto

Alexis Ohanian(great VC and co-founder of Reddit) just posted that he’s part of a bid to try and buy TikTok, and that he wants to bring it onchain!! super interesting thread with his takes on why users should own their data, feels right up Farcaster/crypto’s alley :)

would love to get in on Farcaster btw

https://x.com/alexisohanian/status/1896999103755956281?s=46&t=8l54n7dYtHePgMrhGh-cUw

always said that tiktok is the greatest social economy* built within a walled garden, building it on crypto rails is a no brainer imo

better, faster payments between brands, users, and all creators — video, effects, music, sound, content remixers, repliers, etc.

His rationale in the follow up tweet is on point. I hope this goes through.

Exciting news for the digital world...

I'm officially now one of the people trying to buy TikTok US — and bring it on-chain.

TikTok has been a game-changer for creators, and it's future should be built by them↓ https://t.co/SPq1Ppv1kK

Users should own their data.

Creators should own their audience.

Period.

Frequency will empower these principles to become reality. And with transparency and accountability at the core, this new TikTok won’t just be fairer—it’ll be GREATER.

Alexis Ohanian 🗽

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

what does he mean "frequency will empower these principles to become reality"?

His rationale in the follow up tweet is on point. I hope this goes through. 

https://x.com/alexisohanian/status/1896999117584523560?s=46&t=cgAJo-_Ea3qXomkh8FQI0w

Their storefronts are *crazy* good. Not sure anyone has monetized attention at scale so well.

i know you said you were digging into the video experience on here... most of the time i try to watch someone's video on the iOS app, it fails to play at all. and it's been like that for as long as i can remember. probably the case 80% of the time?