In a shocking improvement associated to the continued TikTookay drama, Tim Stokely, the founding father of OnlyFans and Zoop, has teamed up with the Hedera Hashgraph HBAR Foundation to submit a last-minute bid for TikTookay’s US operations.
This bid comes on the final minute because the viral social media platform has an April 5 deadline to divest its American property or face a nationwide ban.
— ZOOP (@zoopclub) April 2, 2025
OnlyFans Founder Teaming Up With The HBAR Foundation To Take Over The Viral Social Media Platform In The US
Tim Stokely’s new enterprise, Zoop, has proposed the proposal along side the HBAR Foundation, the group behind the Hedera cryptocurrency.
Throughout the proposal are plans to introduce a brand new possession mannequin on TikTookay that may see content material creators and their communities benefiting straight from the platform’s worth.
Many inside the Hedera group speculate that the HBAR Foundation bid for TikTookay may see the Hedera blockchain know-how used to energy the social media platform, probably providing crypto funds to creators and communities.
It appears as if the Hedera group is onto one thing, as Stokely and the HBAR Foundation have confirmed that their imaginative and prescient for TikTookay US does certainly revolve round leveraging blockchain know-how to create a extra equitable ecosystem for content material creators.
By way of Hedera’s decentralized ledger know-how, TikTookay may combine clear revenue-sharing fashions, good contracts, and creator-led governance.
Stokely’s partnership with a digital asset basis for the bid highlights the rising affect of Web3 and decentralized applied sciences in reshaping digital possession and governance.
(COINGECKO)
Whereas the remainder of the crypto market is bleeding attributable to President Trump’s tariff bulletins late final evening, Hedera (HBAR) is holding regular and within the inexperienced on the 1h chart, whereas every thing else is crimson.
HBAR is buying and selling for round $0.163 and has a market cap of $6.9 billion. Based on CoinGecko, it’s the twenty second largest digital asset by market cap.
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A Race In opposition to Time For TikTookay In The US: Can Hedera Beat Amazon And Oracle To Win The Bid?
TikTookay’s mother or father firm, ByteDance, has been below growing stress from US lawmakers and regulators over the previous few years. There are longstanding nationwide safety issues relating to the platform’s ties to China. The US authorities has demanded that ByteDance promote its American operations to a home entity or face potential expulsion.
Zoop and HBAR’s last-minute bid comes as a number of different main gamers have expressed curiosity in buying TikTookay’s US operations. Jeff Bezos’ Amazon has reportedly made a last-minute provide, whereas tech juggernaut Oracle is main a consortium of potential consumers.
Amazon vs. Hedera: TikTookay’s subsequent proprietor may change every thing.
Who wins?$AMZN $HBAR pic.twitter.com/8Vvsa43Xld
— firehustle (@firehustle_net) April 2, 2025
The growing curiosity from tech behemoths and monetary corporations highlights TikTookay’s immense worth as probably the most widespread social media platforms on the earth. Given the curiosity, it appears to be like greater than seemingly {that a} decision could be discovered and that it’ll stay operational within the US.
The Web3 strategy from Zoop and HBAR may differentiate them from the competitors, which is able to seemingly make the most of conventional company practices. If profitable, this acquisition may mark a shift towards decentralized social media, the place customers have a better stake within the platforms they contribute to.
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OnlyFans founder and the HBAR Foundation group as much as purchase TikTookay US Operations
- If profitable, HBAR and Zoop would leverage blockchain know-how to make TikTookay stand out from the competitors
- The HBAR bid is dealing with competitors from the likes of Amazon and Oracle
- If no profitable US entity is discovered to take over TikTookay’s US operations, the social media platform faces expulsion from the States
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