Official announcements from Arweave or the acquired company

Arweave Acquires Decentralized Web3 YouTube Alternative Odysee, Aims to Replace Twitter

Jun 6, 2024, 03:45 PM

Arweave has acquired the decentralized YouTube alternative Odysee, a Web3 and crypto social media platform. The acquisition aims to enhance Odysee's mission of providing a censorship-resistant platform, with Arweave's technology offering true decentralization. Forward Research, which facilitated the acquisition, expressed excitement about the potential to build a mainstream ecosystem that addresses both user and creator needs. Despite some content concerns, this move is seen as a significant step towards creating a robust, decentralized social media ecosystem. The ultimate goal, according to Arweave, is to replace Twitter. AO will also contribute to this mission.