LimeWire, the former file-sharing website that has been revived as an NFT marketplace, recently announced the conclusion of the LimeWire Token (LMWR) public sale, which resulted in a significant sum of $17,752,179.
Following the sale, LimeWire launched LMWR in the market and listed it on over five major exchanges, including Bybit, Gate.io, crypto.com, and Kraken.
In a recent tweet, the company provided an update on LimeWire and the LMWR token’s future. The update revealed that artists would soon have the opportunity to join the platform and create their own subscription-based communities, offering exclusive and ownable content.
Another update mentioned the introduction of LMWR rewards on LimeWire, enabling users to hold LMWR directly on the platform and earn monthly rewards. LimeWire is actively working on integrating LMWR into its platform, allowing users to use the token for subscription payments, content trading on the secondary market, tipping creators, earning activity rewards, and more.
LimeWire was relaunched as an NFT marketplace in 2022 by Austrian brothers Julian and Paul Zehetmayr, who acquired LimeWire’s intellectual property and assets with the goal of reviving the renowned file-sharing website and creating a music-focused marketplace.
Since its relaunch, LimeWire has made significant efforts to enhance its platform. In March 2022, it selected the Algorand blockchain to power its NFT marketplace and the launch of its token.
In May 2022, LimeWire announced a major contract with Universal Music Group (UMG) to make digital music collectibles more accessible to a wider audience.
The platform has also attracted various artists. In August 2022, rapper Aitch celebrated the release of his debut album “Close To Home” by launching two unique NFT collections on LimeWire.
