Limewire selects Algorand as its blockchain partner because of the company’s commitment to clean energy.
- Limewire’s NFT marketplace will begin with a focus on digital music and art.
- The company hopes to hit 1 million unique monthly users by the end of its first year.
Popular peer-to-peer file sharing software Limewire is partnering with Algorand blockchain to launch a nonfungible token (NFT) marketplace. Limewire plans to mint music and art projects before expanding into collectibles more broadly.
It said in a press release that the marketplace will be a one-stop shop for creators to buy, sell, and trade their work. The company also aims to have more than 1 million unique users by the end of the first year.
The NFT marketplace has become increasingly crowded as the…