OnlyFans founder, crypto foundation submit late-stage bid to buy TikTok
A startup run by Tima Stokely, founder of adult content social media site OnlyFans, has partnered with a cryptocurrency foundation to submit a late-stage plan to acquire short video app TikTok from Chinese owner ByteDance, the two said on Wednesday.
The intent to bid was sent this week to the White House by Zoop, billionaire Stokely’s new company, and the Hbar Foundation, which manages the Hedera cryptocurrency network’s treasury.
While OnlyFans is known mainly for pornography, Zoop is mainstream and family-friendly, and gives back the majority of its revenue to those who post on the site, rewarding them for driving up user engagement.
“Our bid for TikTok isn’t just about changing ownership, it’s about creating a new paradigm where both…
