File-sharing website LimeWire is relaunching in the form of a marketplace for nonfungible tokens.
LimeWire, the defunct file-sharing website, is set to make a comeback.
The controversial service was shut down back in 2010, after a lengthy legal battle with the Recording Industry Association of America over allegations of music piracy. A federal judge found the platform caused copyright infringement on a “massive scale.”
At its height, LimeWire was one of the most popular peer-to-peer file-sharing websites, allowing users to download music and other content online free of charge. The likes of LimeWire, BitTorrent and Napster were eventually succeeded by subscription-based streaming services such as Spotify and Netflix.
More than a decade since it closed down, LimeWire is making a comeback — but with a twist.
The service will relaunch in May as a marketplace for trading nonfungible tokens, or NFTs, digital assets that keep a record of ownership for virtual items on the blockchain.
Austrian brothers Julian and Paul Zehetmayr bought LimeWire’s intellectual property and other…