OnlyFans Creator And The HBAR Foundation Submit Offer To Acquire TikTok US

In an unexpected turn regarding the ongoing TikTok situation, Tim Stokely, the creator of OnlyFans and Zoop, has collaborated with the Hedera Hashgraph HBAR Foundation to present a last-minute proposal for TikTok’s operations in the United States.

This proposal arrives just before the deadline on April 5, by which the gaining momentum social media service must sell its American assets or confront a nationwide prohibition.

https://t.co/0W4mSub2qF
@rjphil @HBAR_foundation

— ZOOP (@zoopclub) April 2, 2025

OnlyFans Founder Collaborating With The HBAR Foundation To Acquire The Viral Social Media Platform In The US

Tim Stokely’s latest initiative, Zoop, has submitted a proposal in collaboration with the HBAR Foundation, responsible for the Hedera cryptocurrency.

The proposal entails establishing a new ownership framework on TikTok that would enable content creators and their followers to gain direct advantages from the platform’s worth.

Many members of the Hedera community speculate that the HBAR Foundation’s bid for TikTok could leverage Hedera blockchain technology to enhance the social media service, possibly providing digital currency payments to creators and their communities.

The Hedera community appears to be onto something, as Stokely and the HBAR Foundation have confirmed that their vision for TikTok’s US operations centers on utilizing distributed database technology to foster a fairer ecosystem for content creators.

Through Hedera’s decentralized ledger technology, TikTok could incorporate transparent revenue-sharing systems, smart contracts, and governance led by creators.

Stokely’s strategic alliance with a digital asset foundation for the bid highlights the rising impact of Web3 and decentralized technologies on redefining digital ownership and governance.

(COINGECKO)

While the broader crypto asset trading market is experiencing declines due to President Trump’s tariff statements from last night, Hedera (HBAR) remains stable and positive on the 1-hour chart, unlike other assets.

HBAR is currently valued at approximately $0.163 with a market capitalization of $6.9 billion. As per CoinGecko, it ranks as the 22nd largest digital asset by market value.

 

EXPLORE: World’s First Meme Crypto token Fund Lands on UniSwap: What is MEMEX Crypto?

A Race Against Time For TikTok In The US: Can Hedera Outsmart Amazon And Oracle To Secure The Bid?

ByteDance, TikTok’s parent company, is facing mounting pressure from US lawmakers and regulators over recent years, with persistent national protection concerns regarding the platform’s connections to China. The US government has insisted that ByteDance divest its American operations to a domestic firm or potentially face ejection.

Zoop and HBAR’s last-minute proposal comes amid interest from other major players in acquiring TikTok’s operations in the US. Jeff Bezos’ Amazon is reportedly making a last-minute bid, while tech giant Oracle is leading a group of possible buyers.

Amazon vs. Hedera: TikTok’s next owner could alter everything.

Who will come out on top?$AMZN $HBAR pic.twitter.com/8Vvsa43Xld

— firehustle (@firehustle_net) April 2, 2025

The rising interest from technology giants and financial organizations emphasizes TikTok’s significant value as one of the leading social media platforms globally. Given this interest, it appears likely that a solution will be reached, allowing the platform to continue operating in the US.

Zoop and HBAR’s Web3 strategy could set them apart from the competition, which may lean on traditional corporate methodologies. If they succeed, this acquisition might signify a transition toward decentralized social media, where users have a more substantial involvement in the platforms they interact with.

DISCOVER: Best Meme Coin ICOs to Invest in March 2025

Join The 99Bitcoins Announcement Discord Here For The Latest Crypto market Updates

The post OnlyFans Founder And The HBAR Foundation Make Bid To Buy TikTok US appeared first on 99Bitcoins.