LimeWire relaunches as new NFT market
by: Melisa Yuriar
Mar 11, 2022
LimeWire, the ever-present peer-to-peer file sharing platform from the early aughts, is making a comeback—however most likely not in the best way anybody had envisioned. On a mission to revitalize its picture for a brand new technology, LimeWire relaunched its web site on March 9, asserting plans for the platform’s return to the World Huge Net as a music-related NFT market. The newly revived music platform will debut with a deal with the buying and selling and buying of music-related non-fungible tokens, and unique parts connected to music works resembling merchandise and digital art work.
Initially based by Mark Gorton in 2000, the positioning garnered a repute for its function in pirating information. In 2010, a choose’s ruling over the corporate’s induced copyright infringement led to LimeWire ceasing operation and a $105 million out-of-court settlement between Gorton and a myriad of main document corporations. Rights to the positioning now belong to Austrian entrepreneur-brothers Julian and Paul Zehetmayr who bought LimeWire’s IP in Could with funds from earlier startups. On this second iteration of the Java platform, LimeWire GmbH because it’s now referred to as, is supported by a brand new group of founders, managers, and CEO to information them by means of the pitfalls of working a startup. The platform’s advisory board consists of a number of figures from across the music trade—Wu-Tang Clan supervisor Tareef Michael, former Def Jam A&R Pedro Genao, and H.E.R.’s supervisor Jeanine McLean-Williams, and on the crypto entrance: Director of Crypto Technique for Wyre, Jamal Raees, Wyre’s founder-CEO Ioannis Giannaros, and 6 Company co-founder Jesse Grushack.
Jeanine McLean-Williams not too long ago mentioned to Bloomberg that she was centered on the chance NFTs may present in pushing forth extra equality into music and crypto communities. “I like that the group is sensible, revolutionary and various. As an African American feminine veteran within the leisure enterprise, I’m wanting ahead to getting extra females educated about and concerned on the planet of NFTs.”
The brand new NFT market is about to open later this Spring. These excited by nabbing an unique LimeWire NFT “airdrop” can signup on the website to affix the waitlist. However hurry, solely the primary 10,000 will get the drop on launch day.
Classes: Information