In a twist that could only be described as both audacious and slightly absurd, the HBAR Foundation, guardians of the Hedra blockchain, and Zoop, the brainchild of Tim Stokely, have joined forces in a bid to wrest TikTok from the clutches of ByteDance. TikTok, that ubiquitous purveyor of short-form digital distraction, now finds itself at the center of a geopolitical tug-of-war, with its fate hanging in the balance.
ByteDance, the Chinese behemoth behind the app, has been handed an ultimatum: sell TikTok’s U.S. operations to a non-Chinese entity by April 5, 2025, or face an outright ban. This decree, born of bipartisan paranoia over data privacy and foreign meddling, was initially set for January 19, 2025, but was graciously postponed by none other than former President Donald Trump, who presumably needed more time to tweet about it.
Enter Zoop and HBAR, armed with a plan to leverage Hedra’s blockchain technology to redefine how creators engage with social media platforms. Will this unlikely duo succeed in their quest to rescue TikTok from the jaws of regulatory doom? Or will this be yet another chapter in the annals of overambitious tech ventures? Only time will tell, but one thing is certain: the internet will be watching, popcorn in hand. 🍿
Also read: Reddit Co-Founder Confirms TikTok Bid and Takes It On-Chain (because, of course, he did).
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2025-04-03 12:52