Project Liberty is a comprehensive initiative launched in 2021 with a $500 million commitment aimed at transforming how the internet works. Its main goal is to empower individuals to have more control over their data, give them a voice in how digital platforms operate, and enable greater access to the economic benefits of innovation. The initiative is focused on creating a healthier, more inclusive, and people-centered internet, often described as building a "people-powered internet." Key elements of Project Liberty include:

• Development of the Decentralized Social Networking Protocol (DSNP), an open-source framework that allows users to manage their data and decide with whom to share it, fostering decentralization and reducing corporate control of social media.
• The establishment of Project Liberty Institute (formerly McCourt Institute), which collaborates with academic partners like Georgetown University, Stanford University, Sciences Po, and others to prioritize digital governance and foster research on ethical technology.
• Building an ecosystem of technologists, academics, policymakers, and citizens committed to creating a better, more democratic internet.
• The initiative also includes efforts like Project Liberty Labs, which develops applications to give users control over their digital lives, and Project Liberty Alliance, a network of organizations working towards a more just digital future.
• One prominent goal is the People's Bid for TikTok, a consortium aiming to acquire TikTok and redesign the platform to put users in control of their digital identities and data.
• Advocacy for policies that support a democratic internet where individuals have voice, choice, and stake online.

Project Liberty sees the internet as currently "broken," with issues such as misuse of personal data and manipulation by big tech harming democracy, society, and individual well-being. The initiative seeks to fix these by developing new protocols and governance models that prioritize people over platforms and corporate profits.