LimeWire makes a comeback after a decade with an NFT marketplace

Limewire, a fashionable peer-to-peer file-sharing website from the aboriginal 2000s that went defunct successful 2010, is making a reentry successful the marketplace with a integer collectible marketplace astatine the hands of its caller owners.

In an authoritative announcement connected Wednesday, the level revealed its plans to motorboat a nonfungible token marketplace focused connected the creation and euphony industry. The NFT marketplace is expected to motorboat successful May, and an authoritative NFT with a token reward strategy is owed aboriginal this year.

The marketplace volition beryllium afloat curated and is launching with large creator partnerships from the euphony industry. LimeWire has besides partnered with Algorand for outgo and energy-efficient minting.

Brothers Paul and Julian Zehetmayr bought the rights of the institution with hopes of reviving the marque successful the Web3 era. Given LimeWire’s transportation with the euphony (it was chiefly utilized for downloading pirated songs) industry, the caller epoch for the marque volition beryllium focused connected supporting artists and the euphony industry.

The CEO brothers addressed the arguable past of the level and claimed it was 1 of the cardinal reasons for them to revive the marque and enactment existent artists and their content.

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“LimeWire is returning arsenic a level for artists, not against them. On LimeWire, the bulk of the gross volition spell straight to the artist, and we volition beryllium moving with creators to let afloat flexibility, ownership and power erstwhile it comes to their content.”, said Julian.

Limewire’s arguable past had been the crushed for respective lawsuits from euphony labels and the laminitis of the level Mark Gorton agreed to pay $105 cardinal arsenic a punishment to grounds labels for copyright infringement successful May 2011.

The CEOs of the steadfast stressed that the relaunch is focused connected making things close and gathering a integer collectible marketplace for the euphony community.