- The Hbar Foundation’s Tikok offer and Zoop underlines the push of the blockchain into mainstream technology with the aim of shifting the value to the author.
- An upcoming HBAR ETF and the time of exit from bytedance in the USA could arouse investors’ interest and sharpen the profile of Hbar.
After joining the Hbar Foundation to the ERC3643 Association, the introduction of conformer RWA (Real-World Assets) IMHEDERA system is to be accelerated.
April 5th is a fixed date for the Tikok takeover, up to which the Tikok mother company Bytedance has to sell its US assets in order to prevent a possible ban on suspicion of the danger of national security.
Copyrighted ownership model
A report From Reuters According to Tim Stokely’s company Zoop and the Hbar Foundation want to reform the TIKTOK ownership model by directly supporting the copyrights and their communities.
RJ Phillips, co -founder of Zoop, emphasized that the proposal is not only about changing the ownership structure, but also a realignment of the platform economy in favor of the users.
“Our offer for Tikkok is not just about changing the ownership, but also creating a new paradigm in which both the creators and their communities benefit directly from the value they created.”
The competition is strong
As the U.S. Sun And other media reported, the joint offer from Zoop and the Hbar Foundation in hard competition with large tech companies, including Amazon.
According to reports, Amazon had reported an offer for Tiktok at the last minute, but according to sources, some negotiators are still skeptical about the seriousness of the proposal.
The urgency to understand the takeover-through whoever-results from the pressure of the legislator, since bytedance has to fulfill a federal arrangement to sell TikTok’s US business. President Donald Trump recently said that a solution is expected before April 5, with several non-Chinese buyers being considered.
Hbar’s market position and ETF prospects
In the middle of these developments, Hedera’s own cryptocurrency, Hbar, gains increasingly attention, especially on platforms such as Reddit.
The financial company Canary Capital wants to launch the first HBAR ETF listed in the USA and has already initiated the application process at the SEC. This step shows the growing institutional interest in the HBAR project.
Current HBar data
The collaboration between the Hbar Foundation and Zoop in trying to take on Tiktok underlines the accelerating convergence between blockchain technology and the mainstream tech platforms. The offer shows the growing endeavor to the crypto industry to redesign the digital media landscape.
According to Coinmarketcap, HBAR is currently trading at $ 0.166, after a daily turnover of around $ 387 million, which means a decrease of 0.28 % on the last day and 15.45 % in the past week.
