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Only fans founder teams up with hbar foundation to buy tik tok

OnlyFans Founder | HBAR Foundation | Bidding War for TikTok Unfolds

By

Lara Johnson

Apr 3, 2025, 03:31 AM

Edited By

Lisa Chen

Updated

Apr 3, 2025, 03:01 PM

Conceptual image representing the partnership between OnlyFans founder and HBAR Foundation aiming to acquire TikTok

As speculation rises, the OnlyFans founder and the HBAR Foundation have entered the late-stage bidding for TikTok, adding a new layer to the ongoing discourse about content ownership and creator compensation. Excitement swirls as new contenders join the racing pack; however, skepticism remains rife among TikTok's user base.

The duo aims to implement a user-driven compensation model that could revolutionize earnings for creators on TikTok, often revolving around the pressing issue of fair compensation. RJ Phillips, HBAR Foundation co-founder, stated, > "Our bid for TikTok isnโ€™t just about changing ownership; itโ€™s about creating a new paradigm where both creators and their communities benefit directly from the value they generate."

Community responses portray varied sentiments towards the bid. While an eager segment expresses hopes for an enhanced creator economy, others worry the fundamental essence of TikTok could fundamentally shift. One user highlighted, "The HBAR Foundation aims to drive adoption of the Hedera network. An integration with one of the top social media platforms could facilitate the instant value transfer between creators and their communities."

However, recent comments suggest that investor involvement might not be as robust as the initial narrative implies. Another user remarked, "They have investors willing to go in on them; I bet the foundation is contributing very little but has partnered with Zoop... who aims to give more revenue to content creators."

A competitive tension in the bidding process was echoed in the community, as notable players like Amazon and a consortium led by Frank McCourt reportedly enter the contest. This competitive landscape raises questions surrounding the authenticity and seriousness of various bids. This developing story continues to shape the narrative of TikTok's future, leaving many enthralled yet cautious regarding potential changes.

Community Reaction and Sentiment

A plethora of opinions is emerging around this proposal, revealing a mixture of excitement and doubts.

One user declared, "This is blowing my mind right now; I canโ€™t believe it!" Another pointedly noted that updates indicated stakes are high, asserting, "All seemed to have been released within the past hour."

Key Insights

With the stakes escalating, many users are left pondering if this bid could signify a monumental shift for TikTok. The current landscape presents a thrilling, albeit uncertain, chapter that could redefine how millions engage with the platform. Will this bid jumpstart a new era for creators? Stay tuned to find out.