Linked Open Data (LOD) is part of the Open Data Movement, which aims to make data freely available to everyone. There are already various interesting open data sets available on the Web. Examples include Wikipedia, Wikibooks, Geonames, MusicBrainz, WordNet, the DBLP bibliography and many more which are published under Creative Commons or Talis licenses. The goal of the W3C SWEO Linking Open Data community project is to extend the Web with a data commons by publishing various open data sets as RDF on the Web and by setting RDF links between data items from different data sources. (Excerpt from this source)
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