Arweave is planning to acquire Odysee, a cryptocurrency-based YouTube competitor, which could bring about 7 million users to the Arweave blockchain. Arweave is a blockchain focused on data storage, enabling data to be fully hosted on the chain. Sam Williams, the founder of Arweave blockchain and CEO of Forward Research, stated that their goal is to disrupt the existing monopolies in social media.

Odaily Planet Daily News: Arweave is planning to acquire the cryptocurrency-based YouTube competitor Odysee. This acquisition could bring approximately 7 million users to the Arweave blockchain. Arweave is a blockchain focused on data storage. While Ethereum can store metadata or links to large files (such as videos), Arweave can fully host this data on the chain. Sam Williams, the founder of Arweave blockchain and CEO of Forward Research, stated: "Our goal is to overturn the existing monopoly in social media. We cannot consider ourselves successful unless it replaces Twitter." (Dlnews)

Arweave intends to acquire Odysee with the goal of disrupting social media monopolies.