Arweave acquires crypto social media app Odysee

Forward Research has acquired Odysee, a crypto-based YouTube competitor with about seven million users, to bring those users to the Arweave blockchain. Sam Williams, founder of Arweave and CEO of Forward Research, told DL News that the firm stepped in to save Odysee from going offline after US regulators forced the closure of LBRY, which had almost killed Odysee. Williams declined to disclose the acquisition terms. He described Arweave's "permaweb," which stores uploaded content permanently, as a natural fit for Odysee.