They have been working on it for years and it seems ready to go now. I believe that the SAFE network could be our chance of re-making the internet from the bottom up, using our own resources instead of centralised servers for our data and our communications.
Project SAFE (Secure Access For Everyone) aims to create a decentralized and secure Internet 2.0 (here is a whitepaper). The SAFE Network is a secure and fully decentralized data management service. The network is made up from the unused computer resources provided by the network users.
By providing resources, users earn Safecoins – a digital currency that can be used to access network services. The SAFE Network also supports distributed applications that can be accessed (for free or paid) by the network users. Learn more.