Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon

The once-popular and present discontinued file-sharing level Limewire is returning aft shutting down successful 2010. However, alternatively than supply entree to copyrighted euphony files and movies, the caller Limewire aims to motorboat a marketplace dedicated to non-fungible token (NFT) technology.

Limewire Plans to Return With an NFT Marketplace Platform

Limewire plans to instrumentality from the ashes this May arsenic the caller owners of the defunct file-sharing website’s intelligence spot (IP) person plans to crook the level into a non-fungible token (NFT) marketplace. Austrian brothers Julian and Paul Zehetmayr ain Limewire’s IP and the 2 person explained to the property that they person been moving connected the level successful stealth mode. In its heyday, Limewire was astir arsenic large arsenic the discontinued file-sharing level Napster and Limewire bundle was downloaded by millions of individuals worldwide.

Limewire went nether aft Napster’s fall, erstwhile U.S. national tribunal justice Kimba Wood issued an injunction connected October 26, 2010, against Limewire. The injunction stemmed from the grounds companies’ unit and much specifically, the tribunal lawsuit Arista Records LLC v. Lime Group LLC. The Zehetmayr brothers bought Lime Group’s rights past twelvemonth and the work volition inactive person a absorption connected music. Speaking with CNBC, Julian Zehetmayr said the squad has worked with Wyre and NFT prices from the marketplace volition beryllium listed successful USD.

NFT fans looking to acquisition NFTs from the Limewire level volition beryllium capable to usage a recognition paper arsenic Limewire has inked a concern with the outgo processor Wyre. Zehetmayr besides told the property that the company’s advisory committee includes Tareef Michael, manager of the radical Wu-Tang Clan. “The contented with the NFT marketplace is that astir platforms are decentralized,” Zehetmayr said during his interview. The Limewire enforcement added:

If you look astatine bitcoin, each the exchanges are making it truly casual to buy, trade, and merchantability bitcoin. There’s nary 1 truly doing the aforesaid successful the NFT space.

Leveraging Limewire’s Mainstream Brand

The Zehetmayr brothers told CNBC that they raised funds done erstwhile ventures and Limewire has been funded by them entirely. The duo is considering task superior backing this twelvemonth and plans to motorboat a Limewire-centric token. The crypto plus volition beryllium sold to investors astatine archetypal and past the squad volition person a nationalist merchantability pursuing the backstage sale. The Zehetmayr brothers wholeheartedly judge they person a well-known brand.

“We’ve evidently got this large mainstream marque that everybody’s nostalgic about,” Julian Zehetmayr concluded. “We thought we needed to physique a existent mainstream idiosyncratic acquisition arsenic well.”

What bash you deliberation astir Limewire returning arsenic an NFT marketplace and however it plans to motorboat a Limewire token? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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