It’s fair to say few people in the music industry were hoping for a comeback for LimeWire in 2022, given its history as one of the biggest filesharing services used by many people for music piracy.
Yet the new LimeWire is steering clear of those waters in favour of the most #2022 of returns: NFTs. “A mainstream-ready digital collectibles marketplace for art and entertainment, initially focusing on music,” as the company’s announcement put it, with plans to launch in May.
LimeWire’s new owners – Austrian tech execs Paul and Julian Zehetmayr – are targeting partnerships with artists to sell “limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content” as NFTs, with the promise of “top-tier artists” – but no names yet.
“Most music fans do not own any cryptocurrency or have access to a crypto wallet, let alone understand the mechanics of collectibles on the blockchain. We want to remove all those obstacles and make it easy for people to participate, while at the same time offering an exciting platform for crypto natives,” said Paul in a statement.
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