tiktok Archives - Top Crypto Game https://topcryptogame.com/tag/tiktok/ The latest crypto news! Mon, 20 May 2024 22:46:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png tiktok Archives - Top Crypto Game https://topcryptogame.com/tag/tiktok/ 32 32 Potential US TikTok buyer plans to decentralize TikTok, could relay on Polkadot parachain https://topcryptogame.com/potential-us-tiktok-buyer-plans-to-decentralize-tiktok-could-relay-on-polkadot-parachain/ https://topcryptogame.com/potential-us-tiktok-buyer-plans-to-decentralize-tiktok-could-relay-on-polkadot-parachain/#respond Mon, 20 May 2024 22:46:31 +0000 https://topcryptogame.com/potential-us-tiktok-buyer-plans-to-decentralize-tiktok-could-relay-on-polkadot-parachain/ US billionaire Frank McCourt is leading a consortium to acquire TikTok and decentralize it using the Decentralized Social Networking Protocol (DSNP) from Project Liberty. TikTok, boasting over 170 million users, is being pressured by the US government to sell due to national security concerns and purported links to the Chinese government. McCourt’s initiative, termed the […]

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US billionaire Frank McCourt is leading a consortium to acquire TikTok and decentralize it using the Decentralized Social Networking Protocol (DSNP) from Project Liberty.

TikTok, boasting over 170 million users, is being pressured by the US government to sell due to national security concerns and purported links to the Chinese government.

McCourt’s initiative, termed the “people’s bid,” represents one of several US corporate interests in the platform. He is collaborating with investment bank Guggenheim Securities and law firm Kirkland & Ellis on this venture.

In a press statement, McCourt highlighted that the bid aims to empower users by migrating TikTok to an open-source protocol. This move intends to restore control over digital identities and data, offering Americans a significant voice and stake in the web’s future.

TikTok meets Polkadot

McCourt’s plan to rebuild TikTok with DSNP will leverage Polkadot parachain social platform Frequency.

In November 2022, Frequency secured its position as a parachain on the Polkadot network. According to its website, the parachain was built to “empower individuals to ensure the portability of their content and safeguard their privacy. The protocol enables ownership of digital identity and control over online presence.”

McCourt noted that the decentralization move would return control and value to the users while empowering them to participate in the future of the Internet. He commented:

“The foundation of our digital infrastructure is broken, and it’s time to fix it… We see this potential acquisition as an incredible opportunity to catalyze an alternative to the current tech model that has colonized the internet.”

Additionally, McCourt’s vision for TikTok prioritizes data protection and empowers social media creators by granting them greater control over their data through DSNP. He said:

“A new and better version of the internet where individuals are respected and they own and control their identity and their data.”

Meanwhile, several Polkadot enthusiasts have welcomed the news, viewing it as proof of the blockchain network’s technological advancements.

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TikTok tests its gaming app for users in Vietnam https://topcryptogame.com/tiktok-tests-its-gaming-app-for-users-in-vietnam/ https://topcryptogame.com/tiktok-tests-its-gaming-app-for-users-in-vietnam/#respond Fri, 20 May 2022 14:26:43 +0000 https://topcryptogame.com/tiktok-tests-its-gaming-app-for-users-in-vietnam/ TikTok, the video-sharing app, is conducting gaming tests for users in Vietnam, with the aim of expanding into South-East Asia. Tik Tok and the testing of its gaming app in Vietnam According to reports, video-sharing social network TikTok is reportedly conducting tests to allow users in Vietnam to play games on its app, expanding into […]

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TikTok, the video-sharing app, is conducting gaming tests for users in Vietnam, with the aim of expanding into South-East Asia.

Tik Tok and the testing of its gaming app in Vietnam

According to reports, video-sharing social network TikTok is reportedly conducting tests to allow users in Vietnam to play games on its app, expanding into the gaming sector.

TikTok boasts over 1 billion monthly active users and Vietnam has become an attractive market, with 70% of citizens under the age of 35 using the platform.

This is a combination that the Chinese-owned social network ByteDance would like to focus on, not least because the presence of gaming on TikTok would increase advertising revenue and the time users spend on the app. 

Tests could start as early as the third quarter of 2022. 

tiktok minigames
TikTok begins its tests in Vietnam to start its expansion into the gaming world

Tik Tok and the introduction of gaming in the video-sharing app

Specifically, a representative of TikTok stated that the company has been testing the introduction of HTML5 games, a common form of minigame, into its app through ties with game developers and third-party studios such as Zynga Inc. 

Here are his words in the email to Reuters:

“We’re always looking at ways to enrich our platform and regularly test new features and integrations that bring value to our community”.

In any case, although the company will start with minigames, which tend to have simple game mechanisms and a short playtime, its ambitions in gaming extend beyond that

In order to officialize and deploy games on the platform in Vietnam, TikTok will need a licence as the country prohibits games that depict gambling, violence and sexual content. 

Another likelihood is that TikTok’s games will contain advertisements from the start, with revenue split between ByteDance and the game developers. 

Netflix’s expansion into gaming

The global streaming movie giant, Netflix, also made it known in early March that it wanted to expand into gaming, acquiring Finland-based mobile game developer and publisher, Next Games, for a whopping EUR 65 million

Another stated goal of Netflix is also to build a portfolio of world-class, ad-free, in-app purchase-free games that will be enjoyed by all its users around the world. 

Gaming fascinates companies in all sectors, even those of the calibre of Tesla, which first introduced gaming in its cars back in 2019. The list of games available on Tesla Arcade had grown to 20 games by the end of February 2022. 


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