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LimeWire Enters into Universal Music Group NFT Partnership

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 isnโ€™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.

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*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.

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