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 website 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 obstacles of entry into the world of NFT collectibles, each for artists and collectors in the music trade and in the broader leisure house,” a press release on the official web site reads.

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

(*12*)As marketed, no digital pockets is required and purchases might be made immediately 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 an area 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’ll be able to declare token rewards, scale back your buying and selling charges, vote on artists and options, and actively take part in the group.

(*12*)The token sale continues to be in the personal sale stage and can open to the general public in the fourth quarter of 2022. As described on the web site, the provision 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, based on the announcement.

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

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