Limewire To Rebrand as NFT Marketplace

10 Mar 2022

The infamous file-sharing platform Limewire is planning to launch a marketplace dedicated to non-fungible token (NFT) technology, CNBC reported.

Austrian brothers Julian and Paul Zehetmayr bought LimeWire’s intellectual property and other assets last year and now they are planning to bring the platform back to life in May.

“The issue with the NFT market is that most platforms are decentralized,” Julian Zehetmayr told CNBC. “If you look at bitcoin, all the exchanges are making it really easy to buy, trade, and sell bitcoin. There’s no one really doing the same in the NFT space. We’ve obviously got this great mainstream brand that everybody’s nostalgic about. We thought we needed to build a real mainstream user experience as well.”