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LimeWire to Relaunch as NFT Marketplace

by Iesha
March 11, 2022
Reading Time: 3 mins read
0
LimeWire to Relaunch as NFT Marketplace

Limewire

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Who remembers LimeWire and all the viruses your old computers may have gotten from pirating music?

Well, the year 2000 called and said the file-sharing platform is set to relaunch as an NFT marketplace focused on music, art, and other entertainment-related content.

Limewire announced earlier this week the company’s revival after Austrian brothers Paul and Julian Zehetmayr purchased the company’s intellectual property rights.

“It’s a very iconic name,” Julian, the company’s co-CEO, told Bloomberg. “Even if you look on Twitter today, there are hundreds of people still being nostalgic about the name. Everybody connects it with music, and we’re launching initially a very music-focused marketplace, so the brand was really the perfect fit for that with its legacy.”

In May 2000, LimeWire launched, providing users with the ability to search, share, and download free music, videos, and other files online.

Ultimately, the platform shut down in 2010 after US District Court Judge Kimba Wood ruled that the company had committed Copyright infringement.

According to a press release, the new LimeWire GmbH will allow users “to buy and trade a variety of music-related assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content.”

Instead of crypto, the marketplace will list prices in U.S. dollars, and users will have the option of purchasing tokens with credit cards and bank accounts.

LimeWire GmbH is scheduled to launch its marketplace in May, but you can gain early access by signing up for the waitlist at the company’s official website.

 

 

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