LimeWire is soon making a comeback as an NFT marketplace

 If you're a kid of the 90s and an early adopter of computers, you might have heard of LimeWire and used it at some point. It was a popular peer-to-peer file sharing tool created by Mark Gorton which was launched almost 22 years ago in May 2000. It was however discontinued in 2010 due to a copyright infringement case. Now, an Austrian entrepreneurial duo have taken on the responsibility of reviving the popular platform as an NFT marketplace focused on music, content, and artwork.

LimeWire turns into an NFT marketplace

Austrian-based serial entrepreneurs and brothers Julian and Paul Zehetmayr purchased the rights to LimeWire to create an entirely new company, LimeWire GmbH , with no affiliation to the original LimeWire LLC team. The Zehetmayr brothers, now co-founders of the company, intend to launch LimeWire as "A consumer-ready digital collectibles marketplace for art and entertainment, initially focused on the music. »

Current proponents of the new LimeWire platform believe it would become a place where artists and digital creators could create, sell, and distribute exclusive music tracks to collectors without the "technical barriers of today's NFT landscape." The company also aims to partner with a host of musicians and composers to join the resurrected LimeWire platform and hopes to attract at least one million buyers before the end of its first year on the market.

The company will also launch its own cryptocurrency in the form of LMWR tokens. You can check out the LimeWire launch timeline in the image below.

Now, one of the main purposes of LimeWire as an NFT marketplace would be to provide access to NFTs and digital collectibles to those who don't have a digital crypto wallet or any knowledge about NFTs. Interested buyers could purchase NFTs from LimeWire using their credit or debit cards through Wyre's payment system, which is also used by popular NFT marketplace OpenSea. So LimeWire's primary focus is similar to what Neon does with its NFT ATM, although the former initially focuses only on music NFTs.

“It is important to note that we are not relaunching LimeWire as an alternative to streaming platforms, but rather as an additional channel for artists to sell exclusive music and art directly to collectors,” said Julian Zehetmayr in a statement.

The LimeWire NFT marketplace will launch in May this year and will aim to facilitate the process of buying and selling NFTs in the marketplace. It is marketed as a platform for “NFT beginners” who want to enter the NFT market. Currently, you can go to its official website and join the waiting list by signing up with your email address. So, what do you think ? Let us know your thoughts on LimeWire as an NFT marketplace in the comments below.