Altcoin Awaiting ETF Approval Applied to Buy TikTok Together with OnlyFans! - Coin Newsletter

The founder of OnlyFans, Tim Stokley, has made a bid to the White House to acquire TikTok through his new venture Zoop and the supporter of the Hedera (HBAR) blockchain, HBAR Foundation.

As tensions rise between the US and China over the TikTok application, competition among major companies continues, and the crypto world has also gotten involved. Tim Stokley's latest venture Zoop and the HBAR Foundation, behind the Hedera (HBAR) blockchain, have made an offer to the Chinese company ByteDance to acquire the popular social media platform TikTok. RJ Phillips, co-founder and co-CEO of Zoop, stated that their proposal aims not only for a change of ownership but also for a new economic model where creative content producers and communities can directly earn revenue.

TikTok is known to be facing pressure for sale or banning by U.S. President Donald Trump on national security grounds. According to the information reported, the financial scope of the offer conveyed to the White House and Trump by Zoop and HBAR Foundation has not yet been disclosed. Meanwhile, it was noted that giants like Amazon have also made offers for TikTok.

The main point of interest in the proposal created by Zoop and HBAR is the claim to develop a new revenue distribution system for content creators on the platform by offering a cryptocurrency and blockchain based model. The promise to increase the income of content creators and economically empower communities through Hedera's distributed ledger technology (distributed ledger technology) is noteworthy.

The process that will determine the future of TikTok will become clearer after Trump's assessment. ByteDance will have to either sell TikTok or risk the app being banned in the US by April 5.