Limewire to launch its new NFT marketplace on Algorand Blockchain

Limewire announced connected March 14th that it has chosen the Algorand blockchain to powerfulness its revival arsenic an NFT marketplace.

Limewire said it chose Algorand due to the fact that it has been carbon-negative since 2021, portion its scalability and information marque it a large acceptable for integer collectibles similar NFTs. The institution besides said the concern volition let it to connection the user, the quality to mint caller NFTs for free.

We person partnered with @Algorand arsenic our authoritative blockchain partner. Why Algorand?

✅ It's carbon-negative since 2021
✅ Algorand is scalable, accelerated and unafraid …
✅ … which makes it cleanable for NFTs
✅ Consequently, we'll beryllium capable to connection escaped NFT minting pic.twitter.com/cxwlDixRy6

— LimeWire (@limewire) March 14, 2022

The institution besides intends to motorboat its ain crypto, called the $LMWR token, and has launched a waitlist to articulation the upcoming level for users and creators, both. The waitlist besides includes an airdrop of 10,000 NFTs and entree to the pre-sale of Limewire’s token.

Music NFTs

Limewire’s archetypal purpose is to physique an NFT marketplace for euphony that volition merge the existent web2 idiosyncratic acquisition with the benefits of web3. The extremity is to physique an ecosystem wherever creators and users tin interact directly. Creators tin easy mint caller NFTs for escaped that tin past beryllium purchased by users via crypto.

The ecosystem aims to beryllium compatible with a assortment of cryptocurrencies alternatively of relying connected a autochthonal token and volition besides let users to freely commercialized their owned NFTs done its platform.

Some of the music-related assets that the institution has mentioned see constricted editions, pre-release music, unreleased demos, exclusive unrecorded versions of songs, backstage and behind-the-scenes content, and adjacent graphical artwork.

Bridging the gap

Limewire says it is trying to span the spread betwixt NFTs and the mean user. The institution has seen astir 250,000 radical motion up connected its waitlist truthful far, according to its Twitter.

We are blown distant by the emotion we received. Thank you all!

While we person implicit 250k (!) sign-ups truthful acold connected our regular waitlist, we ran into method issues with our creator waitlist.

If you’re a creator and signed up arsenic such, delight bash it again here: https://t.co/UPr808jiZe

— LimeWire (@limewire) March 10, 2022

According to the company, NFTs and the wide crypto marketplace is precise exclusive astatine the moment. Access is constricted to the fewer who recognize the nascent technology. Limewire’s extremity is to marque the process of jumping into NFTs arsenic creaseless arsenic imaginable for radical that are caller to the space.

The level is trying to go accessible to each euphony fan, careless of whether they clasp cryptocurrency oregon not. Its program is to marque its services disposable crossed each web2 and web3 mediums truthful that anyone tin easy mint oregon acquisition an NFT without requiring heavy method cognition oregon owning crypto.

It intends to integrate accepted outgo systems and terms the NFTs successful USD. It volition besides let users to acquisition NFTs straight via dollars utilizing their recognition cards oregon slope transfers to further integrate the marketplace into mainstream outgo options arsenic good arsenic web3-based outgo systems.