Holger Christoph, UMGs senior vice president of digital business for Central Europe of UMGs, said that the company is “fully embracing the exciting Web3 space” and will work to create projects with “real utility.”
The partnership sees the LimeWire brand come full circle, as during its P2P heyday, it was a target for music labels due to users illegally sharing copyrighted content. The original platform was eventually taken down in 2010 after losing a court battle against the Recording Industry Association of America.focused on the music industry. Brothers Paul and Julian Zehetmayr bought the rights to the name so it would return “as a platform for artists, not against them.
The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A promo video released for the wallet shows a demonstration using Ethereum-based NFTs.
Great project
shibainuart cryptonut714
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