If you thought LimeWire was dead, you are wrong as it will be resurrected as a music-focused NFT.

Those of the old school, as well as those who know or can remember various popular applications from the era of Windows Live Messenger, Ares, Winamp, surely knew or at least knew of the existence of LimeWire.

Many of us would think that projects like LimeWire, Ares or similar based on p2p are simply more than dead, due to the great changes that have been caused by the issue of copyright.

But in the case of LimeWire the situation seems to have changed.do a bit, since the old peer-to-peer file sharing network LimeWire it will relaunch in May as a marketplace for music-related digital collectibles.

For those who are unaware of LimeWire, I can tell you that this software allowed you to share any type of file, including audio, video, programs, among others. Unlike Ares Galaxy, it was programmed in Java, so it was necessary to have the Java Runtime Environment (JRE) installed.

Limewire was characterized by two things: simplicity and speed: its interface, although it had many tools, was very easy to use and understand. It also allowed us to connect with our friends directly (via IP) and find out about the latest files that had appeared on the network. His speed was the product of many years of development. This client's transfer rates exceeded almost any client.

To make installation easier for casual users, installation packages were available for Microsoft Windows, Mac OS X, and in RPM/Debian format for GNU/Linux.

LimeWire closed in 2010 due to a lawsuit imposed by the RIAA regarding copyright violations.

The newly revived LimeWire will be a totally different company and is not affiliated with the creators. Brothers Paul and Julian Zehetmayr, co-CEOs of LimeWire, bought the rights to the company with the intention of using their name as a way to attract people to the platform.

“In an increasingly difficult industry where streaming takes over and ownership takes a backseat, we are working to put artists in place and give them full flexibility and control when it comes to their content,” said Julian Zehetmayr. . “It is important to note that we are not relaunching LimeWire as an alternative to streaming platforms, but as an additional channel for artists to sell exclusive music and art directly to collectors.”

digital collectibles in the new LimeWire will be in the form of non-fungible tokens, a type of crypto asset represented by blockchain technology that enables provable ownership of digital media.

Using NFTs, music fans and collectors will be able to buy, sell and trade a variety of music-related assets, including limited editions, pre-release music, previously unreleased music and demos, album art, exclusive live versions, and behind-the-scenes content.

In the last two years, there has been a proliferation of NFT markets, many of which are focused on digital works of art. Big players like OpenSea and Rarible dominate the market, but for the most part, NFTs are still not an easy technology for mainstream users to handle on a day-to-day basis, the brothers said.

One of the goals of the new LimeWire would be to help fix this and make the experience for new users easier and more intuitive. To do this, onboarding would be easy for NFT newbies, items would be priced in US dollars, and users could buy them with credit cards and bank accounts.

The idea is to make the experience of buying and owning NFTs as familiar as possible. possible for everyday consumers.

“If you are an average music fan on the internet, you may not have any cryptocurrency or access to a crypto wallet, let alone understand the mechanics of collectibles on the blockchain,” said Paul Zehetmayr. “We want to remove all those barriers and make it easy for people to participate, while also providing an exciting platform for crypto natives.”

After his public debut, the marketplace will have a list of artists from across the industry of music to seed the market for collectors and fans. The idea will also be to open up to small and medium creators from the launch.

The company expects to raise its initial funds through a private sale of its LMWR utility token in April and again with a public sale of the token in Q2022 XNUMX. Right now, users can join the upcoming marketplace waitlist via the website for a chance to get into its early access version.

Finally, if you are interested in being able to know more about it, you can consult the details in the following link


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