LimeWire plans a comeback in May as a non-fungible token marketplace centered around art, music, and entertainment.
The peer-to-peer platform, which gained popularity around 2000, says it will first debut music NFTs.
The platform targets to sign a million users in the first year of operation by collaborating with musicians saying the waitlist is currently live.
LimeWire notes that its offering will enable content creators and their fans to trade digital collectibles seamlessly without the challenges associated with the sector.
The assets in the music space will comprise editions, pre-released content, graphical artwork, exclusive live versions, backstage content and merchandise.
The company says that it is preparing to launch a token before the end of the year to facilitate content sharing as part of its vision to integrate web2 and web3.
LimeWire has partnered with payment service provider Wyre to enable users to pay for service via credit cards, debit cards, or bank transfers. The content will be denominated in USD.
Source: The Block