LimeWire Makes A Crypto Comeback By Selling Music & Artwork NFT PlatoBlockchain Data Intelligence. Vertical Search. Ai.

LimeWire Makes A Crypto Comeback By Selling Music & Artwork NFT

When NFT Meets DeFi: Doors of Monetization Open for NFT Owners

LimeWire was once the most popular music-sharing service that attracted over 50 million users monthly before being shut down in 2011 over legal issues concerning the music industry.  LimeWire Re-Launches in NFT Marketplace Now, LimeWire is set to make a comeback on a new crypto sphere platform. Launching in May 2022, with no affiliation to the original team, the new company plans to offer artists an opportunity to gain revenue with their music.  Brother Paul and Julian Zehetmayr said, “We are initially launching a music-focused marketplace, so the brand (name) was really the perfect fit for that with its legacy.”  The two brothers named their company after the original name, LimeWire GmBH. LimeWire has been planning to make a crypto-centered comeback and has joined the trending bandwagon – NFTs (non-fungible tokens).  Objective of LimeWire LimeWire is primarily focusing on artists in the music industry, who can sell pre-release music, graphical artwork, exclusive versions, digital merchandise, etc. LimeWire allows fans and collectors alike to purchase, sell, trade a variety of music-related digital assets. The brothers concluded,  “LimeWire laid the foundation for music streaming; it’s a piece of internet legacy and we are thankful that we can turn it around at something for the music industry.”  

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