LimeWire is Back - Company Announces its Relaunch as a Digital Collectibles Marketplace

09 March 2022 - Press release

 

• LimeWire, formerly known for peer-to-peer file sharing, just announced it's relaunching in May as a mainstream marketplace for digital collectibles.

• The marketplace will be fully curated and is launching with major artist partnerships from the music industry.

• LimeWire aims to open up the music collectibles market to the mainstream by drastically improving user experience and lowering entry barriers. 

 

LimeWire just announced it is relaunching in May as a mainstream-ready digital collectibles marketplace for art and entertainment, initially focusing on music. It will be a one-stop marketplace for artists and fans alike to create, buy and trade digital collectibles without the technical hurdles of the current NFT landscape. The company aims to bring digital collectibles to the mainstream and onboard one million users within the first year through partnerships with major artists in the music industry. Those interested can join the waitlist and be notified once the marketplace is live in May.

Music fans and collectors will be able to buy and trade a variety of music-related assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content. 

Julian Zehetmayr, LimeWire Co-CEO, said: "In an increasingly difficult industry with streaming taking over and ownership taking a back seat, we are working to put artists and give them full flexibility and control when it comes to their content. It's important to note that we are not relaunching LimeWire as an alternative to streaming platforms, but rather as an additional channel for artists to sell exclusive music and art directly to collectors. We will also offer a unique method for artists to connect and engage with their most loyal community of fans."

LimeWire aims to make onboarding easy for NFT newbies, with a quick and easy signup, seamless KYC and items priced in US dollars. There is no crypto wallet prerequisite, and users will be able to purchase collectibles directly via credit card, bank transfer and other fiat gateways thanks to a close partnership with payment platform Wyre. The marketplace itself is designed to have an intuitive, state-of-the-art user experience and a more natural and familiar feel to the average consumer. 

Paul Zehetmayr, LimeWire Co-CEO, said: "The biggest challenge with digital collectibles and the broader crypto market in general is that it's really limited to a small group of savvy users. There are big players on the market already, but the entry barrier is still too big to allow for mainstream adoption. If you are an average music fan on the internet, you might not own any cryptocurrency or have access to a crypto wallet, let alone understand the mechanics of collectibles on the blockchain. We want to remove all those obstacles and make it easy for people to participate, while at the same time offering an exciting platform for crypto natives."

LimeWire is working with top-tier artists to create different types of exclusive content, from unique and pricey one-of-one items all the way to collections that are attainable for and attractive to larger audiences. The company is doubling down on the community aspect of NFTs in a unique way, allowing artists to open up channels of communication inside LimeWire to engage with their most loyal group of fans and buyers directly. 

The LimeWire marketplace will be released in May 2022 with a lineup of big names in the music industry and open up the gates for small and medium-sized artists to join the platform from day one. Creators and artists interested in being part of the marketplace at launch can use the LimeWire waitlist page to sign up for early access.