HBAR Foundation Joins Forces With OnlyFans Creator to Pursue TikTok Deal: Reuters Reports

HBAR Foundation, OnlyFans Founder Make Strategic Play for TikTok U.S.

In a bold move to reshape the social media economy, the HBAR Foundation and Tim Stokely — the entrepreneur behind OnlyFans — have submitted a joint bid to acquire the U.S. arm of TikTok, according to a recent Reuters report.

The proposal, delivered to the White House last week, was made via Stokely’s latest venture, Zoop, a new crowdfunding platform focused on family-friendly content. The move is part of a broader initiative to redefine the relationship between content creators and digital platforms.

“This isn’t just a change in ownership — it’s a shift in philosophy,” said Zoop co-founder RJ Phillips. “We want to empower creators and their communities by ensuring they receive fair value for the content they produce.”

The HBAR Foundation is the driving force behind the Hedera (HBAR) network, a proof-of-stake blockchain launched in 2018. As of press time, HBAR holds a market cap of $7.2 billion, ranking it the 22nd-largest crypto asset. The token saw a modest 1.5% increase in the past 24 hours following the news.

This bid isn’t the only one on the table. E-commerce giant Amazon is also reportedly exploring a deal to acquire TikTok, as reported by The New York Times.

The HBAR Foundation confirmed to CoinDesk that it had officially partnered with Zoop in the offer, positioning the initiative as a challenge to dominant tech platforms that often retain the majority of platform-generated revenue.

“Today’s digital platforms can capture up to 90% of revenue while creators — the ones actually generating value — receive only a sliver,” the companies said in a joint statement. “Our goal is to disrupt that dynamic and create a more equitable ecosystem.”