For those unfamiliar or too young to experience the hype back then, LimeWire was a free computer software released in 2000 that functioned as a peer-to-peer file-sharing client. Using LimeWire, most people would download and upload songs, videos, and images, often illegally. This trend eventually led LimeWire to its demise in 2010 after facing a lengthy legal battle with the Record Industry Association of America over copyright infringement charges. This time around, LimeWire won’t be repeating its mistakes as it has just been relaunched as an NFT marketplace.
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LimeWire announced that it has officially opened for business, allowing people to buy and sell NFTs from various artists on its platform. In keeping with the brand’s deep association with music, LimeWire decided to focus on music-related NFTs, at least initially, with artists like Travis Barker, Brandy, Nicky Jam, Soulja Boy, and many more already on board with releasing their own NFT collections on LimeWire’s marketplace.
However, not all NFTs sold on LimeWire come in the form of music. Sometimes, NFTs on LimeWire can even represent an actual, physical object. One example is Travis Barker’s NFT, which is said to be a 3D model of Travis’ personal drum set, as well as the actual drum set itself. LimeWire also has its own NFT collection dubbed “LimeWire Originals” which features 10,000 generative avatars, not unlike Bored Ape Yacht Club and many other popular NFT projects.
LimeWire’s return as an NFT marketplace comes at a time when the broader crypto and NFT market are experiencing a continuous downturn. Its renowned brand is obviously one of its strengths in attracting people. But instead of wanting to be remembered forever in infamy, LimeWire now wants to capture the public’s growing attention towards the nascent NFT space. While NFTs might be vehemently disliked in the gaming industry, they are frequently seen as a boon in the wider entertainment industry.
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