After over a decade of biting the mud, the nostalgic peer-to-peer file sharing platform LimeWire is coming again with a brand new technique, focus, and administration. Thus, the sharing service as soon as related to piracy introduced its transformation into the NFT market in partnership with the main firm Common Music Group (UMG).
The large comeback was ensured by the “serial founders” Paul and Julian Zehetmayr, co-founders of b2b-software firm Stack Holdings. In keeping with founders, the brand new LimeWire platform can be targeted on “NFT newbies,” who really feel unconfident within the extremely speculative NFT realm.
“The largest problem with digital collectibles and the broader crypto market, generally, is that it’s actually restricted to a small group of savvy customers,” Paul Zehetmayr mentioned, including, “In case you are a mean music fan on the web, you may not personal any cryptocurrency or have entry to a crypto pockets, not to mention perceive the mechanics of collectibles on the blockchain. We need to take away all these obstacles and make it straightforward for folks to take part, whereas on the identical time providing an thrilling platform for crypto natives.”
Now let’s return to the partnership with Common Music Group. In keeping with LimeWire, UMG will present all needed licenses and entry to its top-ranking artists, bringing them to LimeWire’s NFT platform. Shortly, UMG customers will have the ability to deal with their followers to music NFTs, audiovisual content material like music movies, backstage footage, and every other varieties of digital content material — all through the LimeWire NFT platform. With such large names within the UMG household as Def Jam, Capitol Information, Motown, Virgin Music, and others, LimeWire will quickly climb to the highest of world rankings.
The music-focused web3 platform LimeWire has already launched its personal LMWR token led by main enterprise capital corporations, history-making DAOs like DAO Jones, and NFT, and web3 music trendsetters like Steve Aoki. Notably, whereas everyone’s LimeWire, the corporate managed to lift a whopping $10.4 million in a personal sale of its LMWR token final month.
Presently, each collectors, merchants, and creators can register on the LimeWire official website to be among the many first to get early entry to {the marketplace} at launch. Keep tuned!
