Why the real estate billionaire Frank McCourt thinks his Project Liberty plan to buy TikTok will not only rescue the app from a US ban, but make the internet better for creators.
So far, ByteDance has shown zero willingness to spin off TikTok in the US. The Chinese parent company seems to be banking on the Supreme Court or President-elect Donald Trump rescuing the app before it’s banned next month. The obvious names that would would buy TikTok if they could — Amazon, Google, Meta, Microsoft, Oracle, etc. — are sitting on the sidelines and waiting to see what happens in the coming weeks. The clock is ticking.
has been gifted to the world. That is being supported by the institute. The layer-one blockchain, Frequency, is tokenized. The community will own the majority of the tokens but that will be a commercial endeavor. TikTok, when we buy it, will be a commercial endeavor.
. I would be totally open, however, if someone else built an alternative to Frequency. We’re looking to decentralize, not further centralize. Have you studied the fediverse: Mastodon, ActivityPub, and then also what Bluesky is doing? I admire all the people who are doing that because they are trying to improve the internet and respect individuals. A federated approach is very different than having a universal social graph that’s globally accessible.
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