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OnlyFans Founder And The HBAR Foundation Make Bid To Buy TikTok US

  • OnlyFans founder, Tim Stokely, and the HBAR Foundation have submitted a bid to buy TikTok's US operations.
  • The bid proposes introducing a new ownership model that benefits content creators and their communities.
  • The proposal aims to leverage blockchain technology to create a more equitable ecosystem for TikTok and integrate transparent revenue-sharing models, smart contracts, and creator-led governance.
  • The bid faces competition from Amazon and Oracle, and if no successful US entity is found, TikTok may face expulsion from the US.

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