Remember LimeWire? It’s Now Back As An NFT Marketplace
If you’re old enough to remember the days of dial-up internet, you’ll fondly look back on LimeWire, a now-defunct file-sharing site that was one of the first gateways to finding free content online.
Now, it appears that more than a decade since it shuttered, LimeWire will be making a comeback—as an NFT marketplace.
According to CNBC, Julian and Paul Zehetmayr, brothers from Austria, bought over the company’s intellectual property and rights last year, and have been working on bringing the platform back to the forefront of the internet.
“It’s a very iconic name. Even if you look on Twitter today, there’s hundreds of people still being nostalgic about the name,” Julian Zehetmayr told Bloomberg.
The site, scheduled to relaunch in May, will allow users to buy and trade “rare items,” such as limited edition tracks, unreleased music demos, and digital merchandise.
Additionally, it’ll be releasing its own utility token in the coming weeks, which will function as a “loyalty program” for users on the site.
Part of the plan is to make NFTs more accessible to the everyday consumer, so instead of listing prices in cryptocurrencies, it’ll market its goods in US dollars, and allow users to purchase tokens using credit cards in addition to crypto.
“The issue with the NFT marketplace is that most platforms are decentralized,” said Julian.
“If you look at Bitcoin, all the exchanges are making it really easy to buy, trade, and sell Bitcoin. There’s no one really doing the same in the NFT space,” he explained.
