Zoop, the social app created by OnlyFans founder Tim Stokely, and the HBAR Foundation have submitted a bid to purchase TikTok in the United States.
The bid aims to keep TikTok's services alive for US users and create a new paradigm where creators and their communities benefit from the value they generate.
The HBAR Foundation, working with Hedera (HBAR), has a market capitalization of over $7.3 billion.
The future of TikTok's sale or ban remains uncertain as it depends on the actions of the US president or an act of Congress.