{"id":913,"date":"2022-06-14T00:40:17","date_gmt":"2022-06-14T00:40:17","guid":{"rendered":"https:\/\/grandpascrypto.com\/?p=913"},"modified":"2022-06-14T00:40:20","modified_gmt":"2022-06-14T00:40:20","slug":"limewire-is-making-a-comeback-but-not-like-you-think","status":"publish","type":"post","link":"https:\/\/grandpascrypto.com\/limewire-is-making-a-comeback-but-not-like-you-think\/","title":{"rendered":"Limewire Is Making A Comeback \u2013 But Not Like You Think"},"content":{"rendered":"\n

tl;dr Summary:<\/em><\/strong> LimeWire, a popular peer-to-peer music sharing service from the early 2000\u2019s, will be relaunched as a music-centric NFT marketplace. LimeWire aims to create an easy-to-use marketplace which combines the simplicity of Web2 UI\/UX with the benefits of digital ownership and authenticity offered by Web3.<\/em><\/p>\n\n\n\n

In March of this year LimeWire, the notorious peer-to-peer file sharing software once synonymous with pirating movies and music, announced that it was making a comeback as a mainstream marketplace for digital collectibles. Initially, their marketplace will focus on music and other audio-visual collectibles but the team has plans to expand beyond that in the future.<\/p>\n\n\n\n

LimeWire was taken down in 2010 after a lengthy court battle<\/a> with the Recording Industry Association of America (RIAA) over copyright infringement. However, in that time, the LimeWire software and brand had become a beloved staple for its 50 million active users. Peer-to-Peer networks like LimeWire were revolutionary in their hayday because they allowed users to share their photos, movies and music files with the rest of the network. This is the same model which later influenced blockchain technology like Bitcoin. However, instead of a shared database of movies and songs, Satoshi wanted Bitcoin to store with each node an ever-growing transaction record without any chance of tampering or revision. <\/p>\n\n\n\n

The success of LimeWire forced record labels and major studios to accept that the internet was changing the music industry. Fans no longer wanted to spend $15 for a CD with two or three songs they actually wanted to listen to. This led to the rise of the iTunes Store and later on major streaming services like Spotify which allowed for a far more curated listening experience for users. Blockchain technology and NFTs create even more avenues for supporting musicians and LimeWire hopes to be the bridge that brings mainstream users into Web3. <\/p>\n\n\n\n

Co-CEO\u2019s Paul and Julian Zehetmayr, a pair of serial tech entrepreneurs, acquired the LimeWire brand in 2021<\/a>. Their plan with LimeWire isn\u2019t to replace streaming music giants, but to give fans an alternative way to support and get closer to their favorite artists.<\/p>\n\n\n\n

\u201cWe\u2019ve seen across the industry that there is a hunger for taking back control and ownership, and we are here to make that happen for artists and creators,\u201d they said. \u201cWe see NFTs as collectibles just like vinyl, and we believe the market needs a brand like LimeWire to take the concept of owning digital collectibles mainstream.\u201d<\/p>\n\n\n\n

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When it comes to revealing the incredible artists jumping aboard LimeWire, it\u2019s safe to say we\u2019re just getting started…

There are some serious announcements on the horizon, so sign up to our waitlist and stay tuned! \ud83d\udd25 https:\/\/t.co\/54Hqn6lWK7<\/a> pic.twitter.com\/oqYdxqlubq<\/a><\/p>— LimeWire (@limewire) May 24, 2022<\/a><\/blockquote>