It's expected to be fully curated and launch sometime in May with major artist partnerships already in place. Now officially called LimeWire GmbH and with no affiliation with the previous team, the new marketplace is already live with an open public waitlist. "Fans and collectors will be able to buy and trade a variety of music-related assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content." "LimeWire will not be an alternative to streaming platforms, but rather an additional channel for artists to sell exclusive music and art directly to collectors and to engage with their most loyal community of fans," said Julian Zehetmayr in a press release, highlighting their aim "to give artists full flexibility and control when it comes to their content." The brothers addressed this, saying that it was one of the key reasons for them to revive the brand and support true artists and their content.
Its new owners, Austrian brothers Paul and Julian Zehetmayr, who also own electronic signature company Eversign and B2B software companies Currencylayer and Stack Holdings, bought the naming rights to the company with the idea it could be a valuable addition to the Web3 world given its long connection with music - albeit for a long time it was mostly known for pirated music. It also has little to do with the original software beyond its name. Riding on the nostalgic tip, LimeWire made the news today by skipping over Web 2.0 entirely and announced that the platform would be resurrected as an NFT space focused on the art and music industry.
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