Limewire Returns as an NFT Marketplace in an Effort to Right the Wrongs of Its Past
For those who are unfamiliar with the term, LimeWire was the peer-to-peer file-sharing service that dominated the early part of the century. The contentious platform, which existed before to the all-access concept of today’s streaming services, was utilized as a workaround for music enthusiasts who did not want to purchase individual songs or albums through iTunes and other digital music outlets.
However, even the most formidable antivirus software products were put to the test as a result of this easy download and play procedure. LimeWire’s reign came to an end when successful litigation brought by major record companies and music rights holders resulted in a whopping $105 million in fines, ultimately bringing the company to an end.
As a result of LimeWire’s widespread popularity, the company has become known as the “face” of the online music piracy period, a reputation that the company has been obliged to confront.
You might wonder why now. LimeWire’s new administration appears to believe that the brand’s future lies in becoming a non-financial-transaction (NFT) marketplace. All in all, Australian entrepreneurs Paul and Julian Zehetmayr hope that by reviving the brand’s reputation gained during the period of widespread piracy, they will attract new customers while also striving to right wrongs from the past, beginning with paying artists this time around.
You can sign up for LimeWire’s fledgling NFT platform, which is anticipated to launch in May 2022, by filling out the form on this page. At the time of writing, more than 500,000 people have joined up for the program.