As a part of the Universal Music Group’s NFT Partnership, LimeWire has signed on

As a part of the Universal Music Group's NFT Partnership, LimeWire has signed on

As a part of the Universal Music Group’s NFT Partnership, LimeWire has signed on

There has been an incredible surge in popularity for the recently relaunched music distribution site LimeWire. UMG, the world’s largest audio company, has recently struck a lucrative deal with the music company (UMG).

UMG has agreed to allow its roster of notable artists to distribute NFTs through the platform, which will take the form of music, artwork, and collectibles starring the stars who have agreed to participate. The upshot of this is a full contingent of high-quality content for LimeWire’s NFT adventure.

At the end of May, the resurrected 20th-century file sharing platform will ramp up its efforts with a launch campaign before launching an all-new Algorand-based NFT marketplace shortly thereafter. The once-forgotten brand name has returned to its former glory.

Just when Spotify is making its first steps into the non-fungible market, the company makes this news. As a result, this is a significant moment in music’s shift to Web3 as both platforms appear to complement each other.

Nevertheless, Napster, another dodgy music platform, is waking up from its hibernation to take on the NFT sector, just as LimeWire did. Algorand and Hivemind have been rumored to have purchased the platform in the previous few days. All of which point to a bright future for music as blockchain technology is adopted by the industry.

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