LimeWire Music Sharing Service Relaunches as NFT Marketplace

The popular P2P music sharing service LimeWire, which went bankrupt due to a number of legal reasons, is back. This time, the company will use NFT to stay afloat.On Wednesday, the company announced the relaunch of the LimeWire NFT trading platform, which is scheduled to launch in May. On it, both fans and artists will be able to trade digital collectibles without running into technical difficulties.

LimeWire has partnered with payment platform Wyre to allow users to make direct NFT purchases via wire transfer, credit card, and fiat gateways. Items on the platform will be priced in US dollars.The revived company will be run by a new team led by directors Paul and Julian Zehetmair.LimeWire is making a comeback as an artist platform where most of the revenue will go directly to the artist. Through this, the company hopes to attract up to 1 million users and artists within the first year.