Foreign media: Potential TikTok US buyers plan to decentralize it or use Polkadot parachain Frequency

American billionaire Frank McCourt is leading a consortium to acquire TikTok and decentralize it using Project Liberty's decentralized social network protocol (DSNP). McCourt's initiative, known as the "people's bid," represents one of several American corporate interests in the platform. He is working with investment bank Guggenheim Securities and law firm Kirkland & Ellis on the business. McCourt emphasized in a press statement that the bid aims to empower users by migrating TikTok to an open source protocol. The move aims to restore control over digital identity and data, giving Americans a significant voice and stake in the future of the network. McCourt plans to rebuild TikTok with DSNP, which will utilize the Polkadot parachain social platform Frequency. (CryptoSlate)