LimeWire, the peer-to-peer file sharing application that gained popularity in the early 2000s, is re-launching with a focus on blockchain technology. The company has raised over $16 million through an initial coin offering (ICO) of its cryptocurrency token, LimeWire Token (LMWR). We take a look at what Limewire is trying to do…
What is LimeWire?
LimeWire gained notoriety for its ease of use and lack of content moderation before being shut down in 2010 due to copyright infringement issues. The re-launch seeks to leverage cryptocurrency and NFT technologies as LimeWire’s new focus.
When Will LimeWire’s Token be Listed on Exchanges?
According to LimeWire’s website, the token sale will close on May 11, and the token will be listed on four major exchanges starting on May 16.
Conclusion
In summary, the formerly prominent file sharing application is re-launching as an NFT marketplace for music artists, demonstrating growing interest in blockchain-based content monetization and distribution. The success of LimeWire’s ICO indicates that accepting XRP payments could help LimeWire access a broader pool of potential investors.
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