Reddit co-founder Alexis Ohanian has joined billionaire Frank McCourts bid to acquire TikTok as a strategic adviser.McCourts internet advocacy organization, Project Liberty, announced this week that Ohanian, an investor married to tennis star Serena Williams, had joined a consortium called The Peoples Bid for TikTok.Im officially now one of the people trying to buy TikTok USand bring it on-chain, Ohanian said in a series of posts made Tuesday on X, referencing a decentralized, blockchain-based platform that Project Liberty says it will leverage to provide users more control over their online data.AdvertisementAdvertisementIf successful in its bid, Project Liberty said the technology will serve as the backbone of the redesigned TikTok, ensuring that privacy, security, and digital independence are no longer optional but foundational. When asked by an X user on Monday what he would call TikTok if he purchased it, Ohanian said: TikTok: Freedom Edition.Under a federal bill passed with bipartisan support and signed into law by former President Joe Biden last year, TikTok was required to cut ties with its China-based parent company, ByteDance, or face a ban by Jan. 19.In one of his first executive orders signed in January, President Donald Trump extended the deadline for TikTok to find new ownership until early April.McCourts consortiumwhich includes Shark Tank star Kevin OLearyhas already offered ByteDance $20 billion in cash for the U.S. platform. Some analysts estimate TikTok could be worth much more than that even without its coveted algorithm, which McCourt has said hes not interested in.Trump said in January that Microsoft is among the U.S. companies looking to take control of TikTok. Others eyeing TikTok include the artificial intelligence startup Perplexity AI, which has proposed to merge its business with TikToks U.S. platform and give the U.S. government a stake in the new entity. Theres also Jesse Tinsley, the founder of the payroll firm Employer.com. Tinsley has said a consortium he put togetherwhich includes the CEO of video game platform Robloxis offering ByteDance more than $30 billion for TikTok.