Limewire stated Might 9 that it has raised greater than $16 million for its revived platform by means of the sale of a cryptocurrency token (LMWR).
Limewire exceeded 15 million USD goal
Having collected 16.5 million Limewire surpassed its $15 million USD funding aim and reached greater than half of its 30 million. USD fundraising restrict.
The mission’s web site says that the sale will finish on Might 11, and from Might 16. the token might be listed on 4 main exchanges.
The mission raised funds in fiat and cryptocurrencies together with Ethereum (ETH), Bitcoin (BTC) USD Coin (USDC), Tether (USD) and Binance Coin (BNB). It added help for XRP, Cardano (ADA) and Polygon (MATIC) funds round Might 6.
Limewire beforehand introduced on April 21 that it had raised $10 million in a personal sale led by Kraken Ventures, Arrington Capital and GSR.
NFT platform for builders
Limewire is greatest often called a file sharing service that began within the early 2000s. The platform has turn into controversial for infringing music copyrights and has obtained lawsuits from the report business. Limewire was finally shut down round 2010.
Nonetheless, the revived model of Limewire might be a platform for music artists. Creators will be capable of create content material utilizing blockchain-based content material and monetize this content material by means of cryptocurrency rewards, funds, and subscriptions.
Content material on the platform might be saved and offered as non-fungible tokens (NFTs), and entry to this content material could also be restricted to NFTs and different tokens.
The submit has garnered over 16 million views on Limewire. USD appeared first on seethereality for its blockchain revival.
