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LimeWire File Sharing Site Relaunches as a Crypto Marketplace

The site is relaunching as an NFT marketplace after being shut down by US federal courts in 2010.

by Guru Writer
July 8, 2022
in Cyber Bites
LimeWire File Sharing Site Relaunches as a Crypto Marketplace
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Pop-punk band Blink-182’s drummer, Travis Barker, and UK rapper, Aitch, are among a host of artists set to launch new NFTs with LimeWire as the file sharing site relaunches as a crypto marketplace.

Over the next month, the site will launch new collectibles on the marketplace alongside artists like Brandy.

Travis Barker said “I have always been interested in Web3 and NFTs so I am pretty stoked to release my first NFT collection and to do it on LimeWire,” Barker said in a statement.

“I hope that my NFT collection will inspire aspiring artists and fans who want to learn about my creative journey and how I make music. LimeWire has created a platform that makes exciting content like this accessible to all of my fans – even ones who are unfamiliar with Web3.”

In a statement, LimeWire’s co-CEOs Paul and Julian Zehetmayr said: “We see a huge demand in the entertainment space for platforms that recognise and appreciate artists for their talent and put them in the driver’s seat.”

“LimeWire presents a new commercial opportunity for artists of all sizes and genres to engage with their fans, gain more exposure in a unique way and retain more of their earnings.”

The popular peer-to-peer file sharing site was ordered to be shut down in 2010 following a court injunction that was issued by a US federal court judge Kimba Wood.

LimeWire is now set to return as “a one-stop marketplace for artists and fans alike to create, buy and trade digital collectibles without the technical crypto requirements of the current NFT landscape”.

The site is initially focusing on music, however eventually the company is aiming “to bring digital collectibles into the mainstream” and attract one million users in its first year “through partnerships with major artists in the music industry”.

The service says that music fans will be able to buy and trade various “music-related assets” on their marketplace, including limited edition released, unreleased demos, graphical artwork, and backstage content.

 

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