The Non-Fungible Return of LimeWire
Credit: Elliot Lee Hazel
It felt like the early 2000s when we started to see LimeWire in the headlines again. But unlike 20 years ago, LimeWire is delivering NFTS to music fans, rather than downloading viruses onto your parent’s computer.
Earlier this week, Limewire and Universal Music Group announced that they are joining forces to bring UMG artist’s NFTs to LimeWire’s marketplace.
The deal opens the platform's door to for artists signed to UMG, as well as Interscope, Republic, Def Jam, Capitol, Motown an
There, they’ll be able to offer audio recordings, audiovisual content, backstage footage and any artwork and images as NFTs to their fans.
In a statement, LimeWire said these artists “will be able to leverage the LimeWire marketplace as an additional platform to explore unique ways to engage with fans through digital music collectibles and Web3, and generate new revenue streams”.
The platform has described their move as a ‘complete rebrand’, and they’ve come in, guns blazing. Just last month, the platform raised $10.4 million USD in a private token sale.
Even though we have one or two more Y2K jokes to crack about the platform's relaunch, LimeWire's return has us intrigued. Just like low rise jeans, LimeWire has risen from the dead, but we have a feeling this trend might live a little longer than those.
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