P2P platform LimeWire set to relaunch as an NFT marketplace

The file sharing service is making a comeback after 12 years

Limewire

Image: Limewire

LimeWire has announced that it is relaunching as a digital collectibles marketplace in May.

The company, which was formerly known for peer-to peer sharing, will be fully curated and is launching with major artist partnerships from the music industry to create different types of exclusive content.

Music fans and collectors will be able to use the site to buy and trade a variety of music-related assets, such as limited editions, pre-released music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content.

Paul Zehetmayr, co-CEO of LimeWire spoke about how they want to broaden the current crypto-market.

“If you are an average music fan on the internet, you might not own any cryptocurrency or have access to a crypto wallet, let alone understand the mechanics of collectibles on the blockchain,” the co-CEO has said in a press release. “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”.

LimeWire aims to make onboarding easy for those new to NFTs, with no crypto wallet prerequisite, and users will be 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.

The company wants to double down on the community aspect of NFTs in a unique way, allowing artists to open up channels of communication inside LimeWire to engage with their most loyal group of fans and buyers directly.

The LimeWire marketplace will be released in May 2022, with a lineup of big names in the music industry with the hopes to open up the gates for small and medium-sized artists to join the platform from day one.

Those who are interested can join the waitlist and be notified once the marketplace is live.

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