OnlyFans Founder and Hedera Foundation’s Bid for Crypto TikTok

In a stunning improvement associated to the continuing TikTok drama, Tim Stokely, the founding father of OnlyFans and Zoop, has teamed up with the Hedera Hashgraph HBAR Basis to submit a last-minute bid for TikTok’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.

https://t.co/0W4mSub2qF
@rjphil @HBAR_foundation

— ZOOP (@zoopclub) April 2, 2025

Tim Stokely’s new enterprise, Zoop, has proposed the proposal along with the HBAR Basis, the group behind the Hedera cryptocurrency.

Inside the proposal are plans to introduce a brand new possession mannequin on TikTok that can see content material creators and their communities benefiting immediately from the platform’s worth.

Many inside the Hedera group speculate that the HBAR Basis bid for TikTok may see the Hedera blockchain expertise used to energy the social media platform, doubtlessly providing crypto funds to creators and communities.

It appears as if the Hedera group is onto one thing, as Stokely and the HBAR Basis have confirmed that their imaginative and prescient for TikTok US does certainly revolve round leveraging blockchain expertise to create a extra equitable ecosystem for content material creators.

By way of Hedera’s decentralized ledger expertise, TikTok 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 resulting from President Trump’s tariff bulletins late final evening, Hedera (HBAR) is holding regular and within the inexperienced on the 1h chart, whereas the whole lot else is crimson.

HBAR is buying and selling for round $0.163 and has a market cap of $6.9 billion. In response to CoinGecko, it’s the twenty second largest digital asset by market cap.

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A Race In opposition to Time For TikTok In The US: Can Hedera Beat Amazon And Oracle To Win The Bid?

TikTok’s dad or mum firm, ByteDance, has been underneath 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 TikTok’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: TikTok’s subsequent proprietor may change the whole lot.

Who wins?$AMZN $HBAR pic.twitter.com/8Vvsa43Xld

— firehustle (@firehustle_net) April 2, 2025

The growing curiosity from tech behemoths and monetary corporations highlights TikTok’s immense worth as one of the vital widespread social media platforms on this planet. Given the curiosity, it seems greater than seemingly {that a} decision might 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 higher stake within the platforms they contribute to.

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