$ 83,770.4
$ 1,576.76
$ 0.6039
$ 581.61
$ 125.36
Mar 9, 2022
LimeWire Makes A Crypto Comeback By Selling Music & Artwork NFT
LimeWire was once the most popular music-sharing service that attracted over 50 million users monthly before being shut down in 2011 over legal issues concerning the music industry.
LimeWire Re-Launches in NFT Marketplace
Now, LimeWire is set to make a comeback on a new crypto sphere platform. Launching in May 2022, with no affiliation to the original team, the new company plans to offer artists an opportunity to gain revenue with their music.
Brother Paul and Julian Zehetmayr said, "We are initially launching a music-focused marketplace, so the brand (name) was really the perfect fit for that with its legacy."
The two brothers named their company after the original name, LimeWire GmBH. LimeWire has been planning to make a crypto-centered comeback and has joined the trending bandwagon - NFTs (non-fungible tokens).
Objective of LimeWire
LimeWire is primarily focusing on artists in the music industry, who can sell pre-release music, graphical artwork, exclusive versions, digital merchandise, etc. LimeWire allows fans and collectors alike to purchase, sell, trade a variety of music-related digital assets. The brothers concluded,
"LimeWire laid the foundation for music streaming; it's a piece of internet legacy and we are thankful that we can turn it around at something for the music industry."
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.