The defunct file-sharing platform “LimeWire” is making a comeback as Austrian entrepreneur brothers Paul Zehetmayr and Julian Zehetmayr bought the rights to LimeWire. They will be relaunching it under a new company, LimeWire GmbH, as a new marketplace for Non-Fungible Tokens (NFT), initially focusing on music content. Recording Industry Association of America's legal conflict versus LimeWire closed with a USD 105 million settlement over copyright infringement, resulting in a ‘permanent injunction’ against the company. The reparations were settled outside of court between former LimeWire CEO Mark Gorton and various record companies. The new NFT market site will launch in May, and users may join a waitlist to be notified about its debut. Sales will take place in USD, without crypto wallet prerequisite—in other words, NFT collectibles can be bought directly thru credit card, bank transfer, and other gateways. The new LimeWire also aims for a community-driven approach to discover new ways artists can interact with their fans. Marvel Entertainment and Orbis Blockchain Technologies Limited unveiled the Spider-Man collection as their collaboration's first official NFT. Read more in our articles including "LimeWire reborn as an NFT marketplace" and "Marvel unveils Spider-Man as first official NFT".
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Aug 13, 2021The defunct file-sharing platform “LimeWire” is making a comeback as Austrian entrepreneur brothers Paul Zehetmayr and Julian Zehetmayr bought the rights to LimeWire. They will be relaunching it under a new company, LimeWire GmbH, as a new marketplace for Non-Fungible Tokens (NFT), initially focusing on music content.
Recording Industry Association of America's legal conflict versus LimeWire closed with a USD 105 million settlement over copyright infringement, resulting in a ‘permanent injunction’ against the company. The reparations were settled outside of court between former LimeWire CEO Mark Gorton and various record companies. The new NFT market site will launch in May, and users may join a waitlist to be notified about its debut.
Our coverage of LIMEWIRE NFT includes: "LimeWire reborn as an NFT marketplace"; "Marvel unveils Spider-Man as first official NFT"; "RedFOX Labs intros NFTs to Filipinos via Miss Universe Philippines Collection". Each article provides unique insights and information.