LimeWire is back from the grave as an NFT marketplace

Shawn Knight

Posts: 14,129   +154
Staff member
Editor's take: LimeWire, the former peer-to-peer file sharing client that gained notoriety during the MP3 era alongside running mates like Napster and Kazaa, is back from the grave as an NFT marketplace. While some will likely get a kick out of the nostalgia play, others would no doubt have preferred to let sleeping dogs lie.

LimeWire - the P2P service - shut down more than a decade ago but last year, Austrian brothers Paul and Julian Zehetmayr purchased the company’s intellectual property and assets with the goal of relaunching the platform.

The new LimeWire will land as a digital collectibles marketplace for art and entertainment in May 2022. The marketplace will initially focus on music, allowing users to create, buy and trade NFT collectibles.

The revival will partially be funded by the launch of a LimeWire token that’ll first be offered to strategic partners ahead of a private token sale next month and a public token sale in the fourth quarter.

LimeWire debuted way back in 2000 and became a leading P2P client, focusing largely on digital music distribution. The legal system caught up to LimeWire and most of its cohorts, forcing them out of business. Subscription-based streaming services like Spotify would eventually step in to fill the void, proving that consumers were willing to pay for media if it was easily attainable and at a fair price.

Interested parties can join a waitlist over on LimeWire’s website to be among the first to get a LimeWire NFT.

Permalink to story.

 

psycros

Posts: 4,143   +5,770
Blockchain and NFTs have proven is that people don't need stock and securities exchanges to engage in massive legalized scams.
 

emmzo

Posts: 609   +766
"LimeWire is back from the grave as an NFT marketplace" and back into the grave, cause nobody's gonna care about NFTs soon enough...
 

Dimitriid

Posts: 2,203   +4,240
So it went from mostly piracy with accompanying malware to NFTs...Also with accompanying malware or at the very least social engineering schemes to defraud people.

The more things change, the more they stay the same in this case.
 

terzaerian

Posts: 1,262   +1,754
I like how people sneer at the concept of "buying a JPG" when they've probably been buying MP3s for years (or sending money to Spotify month over month for the priviledge of *listening* to an MP3 which they will never have in-hand). Hopefully, this is going to be Limewire focusing on using the technology of NFTs for the latter. The technology has the potential to disrupt copyright the way Bitcoin has disrupted finance.
 

eforce

Posts: 950   +1,360
I like how people sneer at the concept of "buying a JPG" when they've probably been buying MP3s for years (or sending money to Spotify month over month for the priviledge of *listening* to an MP3 which they will never have in-hand). Hopefully, this is going to be Limewire focusing on using the technology of NFTs for the latter. The technology has the potential to disrupt copyright the way Bitcoin has disrupted finance.

The type of people that buy NFT's are probably the same ones buying MP3's/spotify.
 

umbala

Posts: 603   +1,007
It's okay if you have no idea what a stock is or how it works, but at least you could remain silent.
You don't have to know anything about stocks to know that anything crypto and NFT is a scam. Both of those things rely on convincing some stupid people that something worthless actually has value and if they buy it now it will increase in value in the future. But that scheme only works as long as there are bigger and bigger *****s willing to pay more and more for those worthless things. Eventually the top *****s will try to cash out and then the whole thing collapses like a house of cards.
 

Squid Surprise

Posts: 5,335   +4,980
You think 90% of the population is paying for crappy music and to listen to dipshits like Joe Rogan spreading conspiracy nonsense? Yeah, dream on buddy.
Apparently, you're immune to sarcasm... saying that... I believe that about 30% of Canadians are Spotify subscribers... I'm going to guess it's about the same for every other country that has it...
 

NightAntilli

Posts: 900   +1,176
Bitcoin has disrupted finance??
Yes. It has, it is, and it will keep disrupting finance. Crypto is here to stay, and anyone that says otherwise doesn't understand crypto. But for the love of God, please, when CBDCs roll around, do us all a favor and choose Bitcoin instead. Otherwise we will face a tyranny like never before.

In any case... Limewire was always a mess... There were many superior alternatives. I don't think trying to capitalize on the NFT craze is going to make them successful, unless they have a unique take on or implementation of NFTs.