Remember LimeWire? Well, it’s coming back as an NFT marketplace for some reason
This wasn’t on my 2022 Bingo card.
If you were an early internet user that loved music but had no money, you are almost certainly familiar with LimeWire. Now, it’s coming back as an NFT marketplace. Yeah, I don’t get it either.
First reported on by Bloomberg in an interview with the new owners, the similarities start and end with the LimeWire name.
No part of the original team is present in this project. Just a couple of dudes, Paul and Julian Zehetmayr, looking to lean on the iconic name.
They are hoping to capitalize on NFTs (which have been losing traction) by providing a marketplace for artists and musicians.
“LimeWire will not be an alternative to streaming platforms, but rather an additional channel for artists to sell exclusive music and art directly to collectors and to engage with their most loyal community of fans,” the creators tell Bloomberg.
The new marketplace is set to launch in May. Additionally, there are plans to partner with larger creators and musicians to help build hype for it. Their angle is simple, use the name for traction and provide an easy-to-use platform for newcomers.
READ MORE: Spotify could be entering the NFT world
In its heyday, LimeWire dealt with its fair share of controversy, so the irony isn’t lost here. NFTs are very dividing and using the name feels like a really lame joke. Like NFTs in their current form. Ka-chow.
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