LimeWire rises from the ashes as an NFT marketplace

Perhaps you've already heard about LimeWire. Well, he's back, but with a very different purpose. It used to be a network peer-to-peer, also called a peer-to-peer network, with the function of exchanging any type of file.

They could Sending all kinds of files between network users, such as videos, audio, and programs, in a simple and fast way. This is how piracy began., because copyrighted material was being shared illegally. This led to the platform's collapse.

Now then, the new owners, Julan and Paul Zehetmayr, They said in a recent Bloomberg interview that sTheir idea is to attract users to a new crypto atmosphere on the well-known platform, focusing it on the music market and NFTs..

This means that non-fungible tokens will be linked or connected to music, artwork, and any other items that artists and brands wish to sell.

Another point mentioned by its owners is that the platform will offer artists the opportunity to earn more income from their articles than similar sites like Apple and Spotify.

This way, LimeWire will debut as a support website for trading non-fungible tokens linked to music. Such as exclusive songs, graphic artwork, and behind-the-scenes footage. They later intend to launch their own token on their website.

Its relaunch

We will have to wait until its release in May of this year, 2022. They say they already have 10 renowned artists and several leaders from the music and cryptocurrency industries among their ranks.

Furthermore, they added that the NFTs will be sold in US dollars to massively increase sales among users. However, they will also accept cryptocurrencies and fiat currency. And if that weren't enough, They will create their own token and will also have wallets for Bitcoin and Ethereum..

Let's take a look at the history of LimeWire

This website was launched in May 2000 as a free peer-to-peer (P2P) client Developed for file sharing. Its interface was designed to be very easy to use.

It told with two versions, a free Basic version and a Pro version which was paid. It was developed to be compatible with Windows, Mac, and GNU/Linux. This was so that a large number of users could use it.

It was also a Torrent client and soon users began using it to exchange files illegally. For this reason, the Recording Industry Association of America (RIAA) sued LimeWire for copyright violations. Therefore, in October 2010, it ceased operations after losing its lawsuit against the RIAA.

Then, a group of unknown people resurrected it under the name LimeWire Pirate Edition in November 2010. The following month they decided to change the name to WireShare.

And after so much time, this big twist occurs. LimeWire, which went from pirate file sharing to being introduced into a world that, for many, has a reputation for dealing in scams and overpriced image files. Tell us, would you be willing to buy NFT music?

Image: Geekine.com