Why LimeWire Chose Algorand For Its Comeback
Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) marketplace running on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has selected this network, the release claims, due to Algorand’s alleged energy consumption levels which make them the blockchain “of choice for energy efficient NFT marketplaces”. The network will provide with a scalable platform with low-cost transactions, and an Ethereum-Polygon bridge. As LimeWire previously....
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The once-popular and now discontinued file-sharing platform Limewire is returning after shutting down in 2010. However, rather than provide access to copyrighted music files and movies, the new Limewire aims to launch a marketplace dedicated to non-fungible token (NFT) technology.
Limewire Plans to Return With an NFT Marketplace Platform
Limewire plans to return from the ashes this May as the new owners of the defunct file-sharing website’s intellectual property (IP) have plans to turn the platform into a non-fungible token (NFT) marketplace. Austrian brothers Julian and....
The new owners of LimeWire aim to "make things right" with the NFT marketplace and promises to give music artists freedom over their content. Limewire, a popular peer-to-peer file-sharing website from the early 2000s that went defunct in 2010, is making a reentry in the market with a digital collectible marketplace at the hands of its new owners.In an official announcement on Wednesday, the platform revealed its plans to launch a nonfungible token marketplace focused on the art and music industry. The NFT marketplace is expected to launch in May, and an official NFT with a token reward....
Popular file-sharing service LimeWire will return in the form of a non-fungible token (NFT) marketplace. According to a new website, the platform attempts to “bring digital collectibles to everybody” with its own native token LMWR supporting its operations. Related Reading | The Nightly Mint: Daily NFT Recap In the early 2000s and across the next […]
As more defunct companies try to cash in on their former glory by using various crypto avenues, experts are divided if this is really good for the industry. There is no denying the fact that the crypto adoption wave sweeping the globe right now has resulted in a growing list of defunct brands making their way into the digital asset market in recent months. Just two weeks ago, once popular music platform LimeWire announced that it is going to be making a comeback, albeit as a marketplace for nonfungible tokens (NFTs) rather than a file-sharing service. LimeWire’s return seems to largely be....
NFTs have been thoroughly falling in line with the rest of the crypto market and continuing to face plenty of drama and downturn. It’s not the end of the world, but it certainly can feel like it at times. This past week, Mastercard showed some initiative, Limewire and Algorand are off to a rocky start, […]