Limewire, the software oft remembered for its mp3 music piracy, has announced their entrance into web3, re-launching as a hub for buying and selling music NFTs. 

Limewire was a peer-to-peer file sharing software launched in 2000. In 2010, Limewire was shut down due to copyright infringement. This was the result of a lawsuit filed by a number of record companies. The original Limewire company also faced complaints involving identity theft due to the common occurrence of malware in the files sent. 

According to Bloomberg, two Austrian entrepreneurs have long been looking to acquire the company. The team will be entirely different, and the new CEOs, also brothers, are making the play based on their affection for the name, and nostalgia for the brand. The brothers, Julian Zehetmayr and Paul Zehetmayr  “It’s a very iconic name. Even if you look on twitter today, there’s hundreds of people still being nostalgic about the name.” CEO Julian Zehetmayr shared with Bloomberg. 

It’s been 12 years since the music piracy days were thriving, and the Zehetmayr brothers have a vision. Reportedly, they also have “many mainstream artists” on board. The NFTs will be available to purchase through both fiat and crypto. While the music on Limewire won’t be free this time, at least it won’t be illegal.  If you are interested in joining, you may join the waitlist for the new Limewire, coming May 2022. 


Source link

Like it? Share with your friends!