Music file sharing platform LimeWire is making a comeback as an NFT marketplace where users can buy and create ‘digital collectibles’.
Set to relaunch in May 2022, brothers Paul and Julian Zehetmayr, from Austria, bought the rights to LimeWire and filed the company under a new name, ‘LimeWire GmbH’, with no affiliation to it’s past employees.
“The biggest challenge with digital collectibles and the broader crypto market in general is that it’s really limited to a small group of savvy users,” stated LimeWire Co-CEO Paul Zehetmayr.
With LimeWire’s new vision under the guidance of its CEO’s, the platform aims to be ‘a one-stop marketplace for artists and fans alike to create, buy and trade digital collectibles without the technical crypto requirements of the current NFT landscape’.
“There are big players on the market already, but the entry barrier is still too big to allow for mainstream adoption,” added Paul Zehetmayr.
“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.”
By attracting music fans to a simple and understandable NFT marketplace, the brother CEO’s are banking on the notalgia and history of the LimeWire name to garner interest from music fans alike.
With ‘big names in the music industry’ being teased as collaborators for the relaunch in May people can already sign up to be a part of the waiting list and also apply as a creator.
— LimeWire (@limewire) March 9, 2022