2 years ago
Summary:
- LimeWire has closed a backstage token merchantability of its LMWR token and raised $10.4 million
- The backstage token merchantability was led by Kraken Ventures, Arrington Capital, GSR, and more
- The legendary peer-to-peer euphony sharing level plans to unfastened a marketplace for integer collectibles popularly known arsenic NFTs
- LMWR token volition beryllium astatine the bosom of the LimeWire ecosystem
- A nationalist token merchantability volition beryllium carried retired aboriginal this year
The legendary peer-to-peer euphony sharing level of LimeWire has completed a backstage merchantability of its LMWR token. The token merchantability managed to rise $10.4 million.
Kraken Ventures, Arrington Capital, and GSR led the backstage token sale. Additional investors included Crypto.com Capital, CMCC Global, Hivemind, Hard Yaka, Red Beard Ventures, FiveT, 720Mau5 (the money down Canadian euphony shaper Deadmau 5), DAO Jones, a radical of high-profile investors from the euphony industry, including the legendary DJ Steve Aoki,
LimeWire volition Use the Funds to Venture into Digital Collectables Within the Music Industry
According to the squad astatine LimeWire, the funds volition beryllium utilized to physique ‘strong connections wrong the crypto and euphony industry.’ Additionally, LimeWire intends to turn its team, widen partnerships, enactment artists, and curate high-quality contented connected its platform.
Of peculiar involvement volition beryllium expanding into integer collectibles popularly known arsenic NFTs. Akshi Federici, a spouse astatine Kraken Ventures, further explained that LimeWire was uniquely positioned to summation NFTs wrong the euphony industry. He said:
As artists execute for unrecorded audiences again, positioning NFTs arsenic exclusive backstage passers oregon entree to unreleased contented volition go an invaluable avenue to fortify the nonstop engagement and loyalty with fans. LimeWire’s integer collectibles marketplace provides artists with a almighty acceptable of tools to prehend this immense opportunity.
The archetypal absorption of LimeWire volition beryllium a integer collectibles marketplace aft its authoritative motorboat run successful precocious May 2022. Music collectibles volition kickstart the LimeWire marketplace, wherever users volition get a accidental to buy, cod and commercialized them by utilizing recognition paper payments.
LMWR Token to Be astatine the Center of the LimeWire Ecosystem
Later this year, LimeWire volition behaviour a nationalist merchantability of its autochthonal token of LMWR.
Furthermore, the LimeWire token volition beryllium astatine the halfway of the LimeWire ecosystem. Holders of LMWR volition person the privilege of participating successful token reward programs, reduced trading fees connected the platform, and entree to exclusive assemblage perks and LimeWire events. Holders of LMWR will, with time, besides person a accidental successful deciding which up-and-coming artists are supported by LimeWire and its marketplaceCoinbase Launches Beta NFT Marketplace With Ethereum Support and Zero Fees Transactions.
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