LimeWire is Re-Launching as an NFT and Cryptocurrency Marketplace
Colin Smith — March 14, 2022 — Business
References: limewire & lifestyleasia
'LimeWire,' the online music sharing platform from the early 2000s, has announced that it is re-launching as an NFT marketplace with its own 'LMWR' cryptocurrency. Users can preregister for the LimeWire marketplace on its website for a chance to receive one of its 10,000 exclusive NFTs. This giveaway will not be random, but rather it is a gamified competition.
When a user registers on the website they will receive a referral code. Then, based on how many other users sign up with that referral code, the user will receive points. At the end of the event, the 10,000 users with the most points will be given an exclusive NFT.
On top of these exclusive NFTs, LimeWire has announced that it will release the LMWR public crypto-token in Q4 of 2022. Prior to the public release of this token there will be an early access period where only the 10,000 NFT owners can purchase the token.
Image Credit: LimeWire
When a user registers on the website they will receive a referral code. Then, based on how many other users sign up with that referral code, the user will receive points. At the end of the event, the 10,000 users with the most points will be given an exclusive NFT.
On top of these exclusive NFTs, LimeWire has announced that it will release the LMWR public crypto-token in Q4 of 2022. Prior to the public release of this token there will be an early access period where only the 10,000 NFT owners can purchase the token.
Image Credit: LimeWire
Trend Themes
1. Gamified Marketplaces - Innovative marketplaces can attract users with gamified competitions like LimeWire's NFT giveaway.
2. NFT Marketplaces - Platforms can explore converting nostalgic brands like LimeWire into NFT marketplaces for unique offerings.
3. Exclusive Crypto-tokens - Marketplaces can create hype around their exclusive crypto-tokens like LimeWire's LMWR through limited release and early access strategies.
Industry Implications
1. Music Industry - The music industry can explore leveraging NFT and crypto-token marketplaces like LimeWire to offer exclusive content and experiences.
2. Gaming Industry - Gaming companies can utilize gamification strategies like LimeWire to create unique gaming experiences and offer exclusive NFTs as rewards.
3. Collectibles Industry - Collectibles companies can partner with NFT marketplaces like LimeWire to offer limited edition items and expand their reach to a wider audience.
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