Limewire has raised over $16M for its blockchain-focused revival

Limewire said May 9 that it raised much than $16 cardinal for its revived level done income of its cryptocurrency token (LMWR).

Limewire surpasses $15M goal

By raising $16.5 million, Limewire has surpassed its $15 cardinal backing extremity and is much than halfway to its $30 cardinal fundraising limit.

The project’s website says that the merchantability volition adjacent connected May 11 and that the token volition beryllium listed connected 4 large exchanges opening connected May 16.

The task raised funds successful fiat arsenic good arsenic cryptocurrencies, including Ethereum (ETH), Bitcoin (BTC) USD Coin (USDC), Tether (USD), and Binance Coin (BNB). It added enactment for XRP, Cardano (ADA), and Polygon (MATIC) payments astir May 6.

Limewire antecedently announced connected April 21 that it had raised $10 cardinal done a backstage merchantability led by led by Kraken Ventures, Arrington Capital, and GSR.

NFT level for creators

Limewire is champion known arsenic a file-sharing work active successful the aboriginal 2000s. The level became arguable for enabling copyright infringement of euphony and faced lawsuits from the signaling industry. Limewire was yet unopen down circa 2010.

However, Limewire’s revived mentation volition alternatively service arsenic a platform for euphony artists. Creators volition beryllium capable to make contented connected blockchain-based contented and monetize that contented with cryptocurrency rewards, payments, and subscriptions.

Content connected the level volition beryllium stored and traded arsenic non-fungible tokens (NFTs), and entree to that contented tin beryllium gated down NFTs and different tokens.

The station Limewire has raised implicit $16M for its blockchain-focused revival appeared archetypal connected CryptoSlate.