OnlyFans Founder and Crypto Group Submit Last-Minute Offer to Buy TikTok

Tim Stokely, the founder of OnlyFans, has partnered with the HBAR Foundation to submit a last-minute offer to purchase TikTok’s U.S. operations. The proposal was made through Zoop, a social platform co-founded by Stokely and entrepreneur RJ Phillips, and aims to shift how value is shared on social media by putting creators and users at the center of the business model.

TikTok’s current parent company, ByteDance, has until April 5 to agree to sell its U.S. division or face a nationwide ban. This deadline was set by a new U.S. law that targets national security concerns over the app’s Chinese ownership. If a sale isn’t completed in time, the platform could be blocked for its 170 million American users.

Zoop’s approach is different from other companies expressing interest. While some tech giants may see TikTok as another digital asset to grow their reach, Stokely and Phillips are pushing a model that gives 80% of ad revenue directly back to content creators and platform users. They believe those who bring in audiences should benefit more fairly from the business they help generate.

“We’re not just bidding for ownership,” said Phillips. “We’re offering a new direction for how platforms operate — one that includes the people who actually create the content and keep users coming back.”

Zoop is designed to function like other mainstream platforms but with a greater focus on transparency and profit-sharing. The HBAR Foundation, which oversees the Hedera blockchain’s financial resources, supports the plan and aims to integrate blockchain technology to handle revenue distribution and data management.

The proposal arrives as several other parties are also reportedly interested in acquiring TikTok. Well-known companies and individuals have been exploring bids, but Zoop is positioning itself as a smaller group with a strong message — one that centers creators, not corporations.

“We’re a small team going up against massive companies,” Phillips added. “But we believe the system needs to change. Social platforms work because of creators and users, and it's time they share in the success.”

Whether or not Zoop’s offer is accepted remains to be seen, but their entry into the race signals growing demand for a platform that treats creators not just as contributors, but as stakeholders. With the deadline looming, all eyes are on what happens next — and who will be in charge of TikTok's future in the U.S.

Also Read: TikTok Ownership Deal on Track, VP JD Vance Confirms as Deadline Nears