Austrian brothers want to bring Limewire back as the NFT marketplace
Austrian brothers want to bring Limewire back as the NFT marketplace
- The set files sharing platform starts in May as an NFT marketplace
- The NFT marketplace project must still carry out external financing, but will soon introduce a Limewire token
The no longer existing software peer-to-peer filesharing client (P2P) LimeWire announced today that it comes back, but not in the same way as before. Limewire intends a relaunch as a NFT marketplace.
At the height of his awareness, Limewire was popular for his service, which made it possible to share and download music free of charge. However, his run ended and had to be stopped in 2010 after a federal court found that Limewire had caused a large -scale copyright infringement about the service he offered.
here is what to expect
The Austrian brothers Julian and Paul Zehetmayr, who acquired LimeWire's intellectual property last year, plan to start LimeWire's NFT marketplace in May. The marketplace would initially focus on music nfts, but also include other collectibles from the areas of art and entertainment.
The new marketplace starts to start the "technical hurdles of the current NFT landscape." In contrast to other popular marketplaces such as OpenSea, which list your collector's items in cryptocurrency, LimeWire will provide the prices in US dollars. It will also enable users to buy collector's items with credit cards.
" The problem with the NFT market is that most platforms are decentralized. If you look at Bitcoin, all the exchanges really make it easy to buy, act and sell. There is no one who really does the same in the NFT area", Julian Zehetmayr told cnbc that has been planned for some time.
for the creative, not against them
The Zehetmayrs, who act as co-CEOs from Limewire, divided this with decrypting that they want to introduce a new wave of digital listeners with this initiative. This time, however, the service will be different. Most of the income would be returned to the artist, in contrast to the "original" Limewire, which enabled users to freely share copyrighted content.
"Limewire returns as a platform for artists, not against them", they said . "At Limewire, the majority of the income goes directly to the artist, and we will work with the creators to enable full flexibility, property and control when it comes to their content."
The brothers plan to procure the financing by introducing a Limewire token, which is to be sold to a limited number of investors via a private sale. Later the token would be made open to the public. The only financing for LimeWire from previous sales of the previous brothers' previous sales.
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Source: Coinlist.me
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