Deadmau5 and Steve Aoki are among the investors in LimeWire 2.0

“Limewire is back to bring digital collectibles to everybody.”

Deadmau5

Photo: Jason Koerner / Getty

LimeWire has continued to successfully garner funds for its relaunch as a digital collectibles marketplace. Its latest funding round, a private token sale led by Kraken Ventures, Arrington Capital and GSR closed at around $10.4 million. And among the investors was 720Mau5, the fund run by deadmau5 along with his manager and business partner Dean Wilson, and DAO Jones, a group of investors consisting of high-profile music industry figures including Steve Aoki.

“The LimeWire team has developed a platform that’s uniquely positioned to increase participation in digital collectibles within the music industry, where many use cases are yet to be discovered,” said Akshi Federici of Kraken Ventures. “As artists perform for live audiences again, positioning NFTs as exclusive backstage passes or access to unreleased content will become an invaluable avenue to strengthen direct engagement and loyalty with fans. LimeWire’s digital collectibles marketplace provides artists with a powerful set of tools to seize this immense opportunity.”

Last month Musictech reported on LimeWire’s plan to relaunch as an NFT marketplace, 12 years after the peer-to-peer sharing platform closed down by court order after becoming synonymous with online piracy. LimeWire stated it aims to make onboarding easy for those new to NFTs, with no crypto wallet prerequisite, with users able to purchase collectibles directly via credit card, bank transfer and other fiat gateways due to the website’s close partnership with payment platform Wyre.

“We will kick off our official launch campaign in late May 2022 and open up our digital collectibles marketplace shortly thereafter,” said LimeWire in a statement. “With an initial focus on music collectibles, the platform is designed to drastically lower barriers of entry into the world of NFTs and make buying, collecting and trading collectibles easy by leveraging credit card payments and an intuitive user experience.”

Keep updated and join LimeWire’s airdrop waitlist at limewire.com

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