NFT REVIEW NEWS LimeWire Enters into Universal Music Group NFT Partnership

Recently resurrected music distribution platform, LimeWire, continues to grow at a rapid pace. It recently announced a lucrative partnership with colossal audio entity, Universal Media Group (UMG).

Through the penned accord, UMG will allow its battalion of significant artists to release NFTs via the platform, set to arrive in the shape of music, artwork and collectables featuring participating stars. As a result, LimeWire will kick off its NFT escapade with a full contingent of top-quality content.

The rejuvenated turn of the century file sharing platform will scale up its efforts with a launch campaign at the end of May, before going live with its all new Algorand-based NFT marketplace shortly afterwards. This marks a true return to form for the once long-forgotten brand name.

The announcement comes just as Spotify begins its foray into the non-fungible. Therefore, marking a major transitioning event as music embraces its Web3 future, with both platforms seemingly complimenting each other.

However, LimeWire isn’t the only tech relic set to making a comeback in the Web3 arena with fellow dubious music platform, Napster emerging from its slumber to take on the NFT industry. In the last few days, news circulated that a consortium of Algorand and Hivemind had acquired the platform. All signifying a bright and tune-filled future as music embraces blockchain technology.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

Source link

If this article, video or photo intrigues any copyright, please indicate it to the author’s email or in the comment box.

What do you think?

26 NFT Points
Upvote Downvote


I am the curator of the NFT Review Market News. If the document or content infringes any copyright, please point it out in comments and it will be promptly removed. To all the articles we include the link of the Resource that appears as Source Link If this article, video or photo intrigues any copyright, please indicate it to the author's email or in the comment box.


Leave a Reply

Crypto Alerts Noticias Criptomonedas del pionero, al profesional reprogramado

NFT REVIEW NEWS Robinhood to Go Web3 with NFT Enabled Non-Custodial Wallet