Limewire Returns After 12 Years in NFT Market – Money Times

In addition to the brand new platform, the model has launched its personal assortment of NFTs that profit holders (Image: Twitter/Reproduction)

(*12*)This Thursday (14), Limewire – a peer-to-peer music file obtain platform – introduced its relaunch. non-unstable tokens (NFTs).

(*12*)The web site was initially shut down in 2010 after a authorized battle with the Recording Industry Association of America over allegations of copyright infringement. After 12 years firm relaunched the model with a distinct imaginative and prescient.

(*12*)”Our mission is to interrupt the limitations of entry into the world of NFT collectibles, each for artists and collectors in the music trade and in the broader leisure area,” an announcement on the official web site reads.

(*12*)On the LimeWire Marketplace, music lovers and collectors should purchase and commerce a wide range of distinctive music-associated belongings, comparable to restricted editions, pre-launch songs, beforehand unreleased demos, graphic illustrations, and by no means-earlier than-seen dwell variations. digital items and backstage.

(*12*)As marketed, no digital pockets is required and purchases could be made instantly by bank card (or cryptocurrency) in partnership with Wyre.

Limewire NFT
Limewire Music NFT Platform (Image: Limewire)

Limewire Token (LMWR)

(*12*)The platform makes use of a neighborhood ecosystem token known as the LimeWire Token (LMWR). LMWR is a utility constructed into the LimeWire ecosystem.

(*12*)According to the corporate, by storing LMWR in your account, you possibly can declare token rewards, scale back your buying and selling charges, vote on artists and options, and actively take part in the neighborhood.

(*12*)The token sale continues to be in the non-public sale stage and can open to the general public in the fourth quarter of 2022. As described on the web site, the availability of the token is 1,000,000,000 LMWR, and personal gross sales have already raised $10.4 million. .

A group of Limewire NFTs

(*12*)In addition to launching the music NFTs market, Limewire has launched its personal assortment known as Limewire Originals.

(*12*)This is a restricted set of 10,000 authentic NFTs.

(*12*)In addition to serving as a profile image for customers of the brand new platform (PFP), holders will acquire early entry to invitation-solely LimeWire occasions, LMWR token giveaways, and NFT distributions, in response to the announcement.

(*12*)The assortment is issued on the Ethereum (ETH) community – obtainable on OpenSea and has a minimal worth of $700.

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