New, NFT-Focused Version of LimeWire Raises $17.5M Through Token Sale – TubeFilter
Summary
$17.5 million through its public sale LMWR crypto token.While it became infamous as a haven for torrenting, LimeWire now has its sights set on a different business model. Working with artists, the relaunched version of the platform will use NFTs to facilitate exclusive music experiences. Key to that ecosystem is the LMWR token, which serves as a form of currency on LimeWire and grants holders a number of perks, including community voting rights and early access to merch.A short description on the LMWR homepage reads, LimeWire is a platform for content creators, artists, and brands to build membership-based communities. Creators can create recurring revenue streams by offering fans exclusive access to their community and journey as an artist. Through blockchain technology, we make exclusive content and assets proprietary and tradable, allowing fans to not only consume content, but also directly participate in the success of the creators they support.The first wave LMWR distribution came through a private token sale that closed last April.