2025-03-05T05:38:45Z Read in app "TikTok has been a game-changer for creators, and it's future should be built by them," Alexis Ohanian wrote in an X post on Tuesday. Christopher Polk via Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.Have an account? Alexis Ohanian, the cofounder of Reddit, wants to buy TikTok.Ohanian is making a joint bid with former Los Angeles Dodgers owner Frank McCourt and Kevin O'Leary.The group says it wants to redesign TikTok around a blockchain-based technology.Alexis Ohanian, the cofounder of Reddit, is joining a bid to purchase TikTok from its Chinese owner."I'm officially now one of the people trying to buy TikTok US and bring it on-chain. TikTok has been a game changer for creators, and it's future should be built by them," Ohanian wrote on X on Tuesday.On Monday, businessman and former Los Angeles Dodgers owner Frank McCourt said Ohanian would join his consortium of buyers, "The People's Bid."The consortium, which includes "Shark Tank" star Kevin O'Leary, submitted a bid to TikTok in early January. The group said their proposal would give American TikTok users "the ability to control, protect, and benefit from their data."The group said in a statement announcing Ohanian's participation on Monday that they will redesign TikTok around a blockchain-based technology."Users should own their data. Creators should own their audience. Period," Ohanian wrote in his X post on Tuesday."We're setting a new standard for what's possible in digital communities. A TikTok for the people, by the people. Let's see if we can pull this off," Ohanian added.Ohanian cofounded Reddit with his college roommate, Steve Huffman, in 2005. They sold Reddit to Cond Nast in 2006, but Ohanian returned as executive chair in 2014.Ohanian, who is married to tennis superstar Serena Williams, left Reddit's board in 2020.TikTok's future in the US is still unclear. Under the divest-or-ban law passed by the Senate in April, the company was compelled to stop operating in the US on January 19 unless it divested itself from its Chinese owner, ByteDance.TikTok briefly went dark for US users on January 18 but resumed its services on January 19 after President Donald Trump said he would sign an executive order to halt the ban. On January 20, Trump signed an order to pause the ban for 75 days.Since then, Trump has floated several ways to save TikTok, including having the US own half of it or a sale to tech billionaires like Elon Musk and Larry Ellison.Representatives for Ohanian and TikTok did not respond to requests for comment from Business Insider.