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LimeWire Resurrects from the 2000s as an NFT Marketplace -Breaking

by Mike Robinson

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LimeWire Resurrects in the 2000s As an NFT Marketplace

LimeWire, a P2P filesharing site that allowed users to share files for free every month, was used by 50 million people. It was founded in 2000 and operated for 10 years until it was closed down by federal courts after four-years of battle against the Recording Industry Association of America.

Last year, Austrian brothers Julian and Paul Zehetmayr bought the rights to LimeWire’s name and are planning to adapt it to the next generation of the internet. Their NFT marketplace will be centered on music, art, and entertainment products.

It will launch in May as an NFT platform, where users will have the ability to trade NFTs and purchase limited-edition NFTs. According to the founders, NFTs should be as easy as possible for everyone.

“The issue with the NFT market is that most platforms are decentralized. It is easy to purchase, trade, and sell Bitcoin on all of the major exchanges, if you take a look. There’s no one really doing the same in the NFT space,”
Julian Zehetmayr told CNBC.

“We’ve obviously got this great mainstream brand that everybody’s nostalgic about. We thought we needed to build a real mainstream user experience as well,”
He added.

The entrepreneur brothers also plan to launch a LimeWire token, which will enable holders to vote on LimeWire policy changes and select which artists are featured in the site’s music charts.

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