Home » LimeWire Enters into Common Music Group NFT Partnership

LimeWire Enters into Common Music Group NFT Partnership

by Admin

Just lately resurrected music distribution platform, LimeWire, continues to develop at a fast tempo. It just lately introduced a profitable partnership with colossal audio entity, Universal Media Group (UMG).

By the penned accord, UMG will enable its battalion of great artists to launch NFTs by way of the platform, set to reach within the form of music, paintings and collectables that includes collaborating stars. Consequently, LimeWire will kick off its NFT escapade with a full contingent of top-quality content material.

The rejuvenated flip of the century file sharing platform will scale up its efforts with a launch marketing campaign on the finish of Might, earlier than going reside with its all new Algorand-based mostly NFT market shortly afterwards. This marks a real return to kind for the as soon as long-forgotten model title.

The announcement comes simply as Spotify begins its foray into the non-fungible. Subsequently, marking a significant transitioning occasion as music embraces its Web3 future, with each platforms seemingly complimenting one another.

Nevertheless, LimeWire isn’t the one tech relic set to creating a comeback within the Web3 area with fellow doubtful music platform, Napster emerging from its slumber to tackle the NFT trade. In the previous few days, information circulated {that a} consortium of Algorand and Hivemind had acquired the platform. All signifying a brilliant and tune-filled future as music embraces blockchain expertise.

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