Limewire has raised $10.4 million in a private token sale 💰 The platform — once used to download music and movies illegally — is now relaunching as an NFT marketplace 🔥
LimeWire says it "will use these funds and strong connections within the crypto and music industry to grow our team, extend partnerships, support artists and curate high-quality content."LimeWire has completed a private sale for its new token as it prepares to relaunch as an NFT marketplace.
Kraken Ventures, Arrington Capital, Crypto.com Capital and deadmau5 were among the investors. DAO Jones — a group of investors from the music industry that counts Steve Aoki among its members — also took part. Kraken Ventures partner Akshi Federici said LimeWire is "uniquely positioned to increase participation in digital collectibles within the music industry," adding:
Crypto.com added that it believes the opportunities offered by the NFT market aren't being fully realized at present.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LimeWire raises $10 million in private token sale to grow music-linked NFT platformNEW: LimeWire raises $10 million in private token sale to grow music-linked NFT platform (via LHM1)
Read more »
Coinbase launches social NFT marketplace in limited beta, just as NFT sales diveIt looks like Instagram meets OpenSea.
Read more »
Indian NFT Cricket Platform Rario Raises $120M Round Led by Dream CapitalIndian NFT cricket platform rariohq raised a $120 million round led by Dream Capital to further propel both companies into Web 3. By camomileshumba
Read more »
KuCoin Offers $100 Million to Support Early-Stage NFT ProjectsMore companies are investing in their NFT marketplaces. The latest brand doubling down on its effort in NFTs is the cryptocurrency exchange KuCoin.
Read more »
Minting of ․VR, ․Metaverse, ․Chain NFT Domains Now Live on Quik․com – Sponsored Bitcoin NewsIt is official! Minting of NFT domains is now live on the Quik marketplace! After months of planning and research, Quik.com has finally announced that the
Read more »
3 NFT Projects that Look Beyond Profits and Fight for a Better World | HackerNoon'3 NFT Projects that Look Beyond Profits and Fight for a Better World' by crypto_unfolded futureofgaming megafansesports
Read more »