LimeWire joined efforts with UMG for a big comeback in the new role

Just after above a ten years of biting the dust, the nostalgic peer-to-peer file sharing platform LimeWire is coming back again with a new method, target, and management. Thus, the sharing service at the time involved with piracy declared its transformation into the NFT marketplace in partnership with the foremost company Universal Audio Group (UMG).

The huge comeback was ensured by the “serial founders” Paul and Julian Zehetmayr, co-founders of b2b-application firm Stack Holdings. In accordance to founders, the new LimeWire platform will be concentrated on “NFT newbies,” who feel unconfident in the remarkably speculative NFT realm.

“The greatest problem with electronic collectibles and the broader crypto market place, in normal, is that it’s definitely restricted to a tiny team of savvy customers,” Paul Zehetmayr explained, introducing, “If you are an common songs enthusiast on the internet, you could not very own any cryptocurrency or have obtain to a crypto wallet, permit by itself realize the mechanics of collectibles on the blockchain. We want to get rid of all these road blocks and make it easy for men and women to participate, although at the exact same time offering an exciting system for crypto natives.”

Now let’s return to the partnership with Common Music Group. According to LimeWire, UMG will supply all important licenses and entry to its best-position artists, bringing them to LimeWire’s NFT system. Shortly, UMG buyers will be capable to deal with their supporters to songs NFTs, audiovisual content like new music films, backstage footage, and any other kinds of digital content material — all by way of the LimeWire NFT system. With these big names in the UMG spouse and children as Def Jam, Capitol Records, Motown, Virgin Tunes, and many others, LimeWire will swiftly climb to the top of worldwide rankings. 

The music-targeted web3 system LimeWire has now launched its very own LMWR token led by major undertaking money companies, record-creating DAOs like DAO Jones, and NFT, and world wide web3 music trendsetters like Steve Aoki. Notably, when everybody’s wanting at LimeWire, the company managed to raise a whopping $10.4 million in a non-public sale of its LMWR token previous month.

Currently, both equally collectors, traders, and creators can sign-up on the LimeWire formal internet site to be between the 1st to get early entry to the marketplace at start. Remain tuned!