Limewire’s NFT Platform Inks Deal with Universal Music Group

Universal Music Group (UMG) has inked a global partnership with Limewire’s namesake NFT platform, which’ll allow its artists to release music-related NFTs on the upcoming platform.

Universal Music Group (UMG) has inked a global partnership with Limewire’s namesake NFT platform, which’ll allow its artists to release music-related NFTs on the upcoming platform.

Through the agreement, artists such as Taylor Swift, Kendrick Lamar, BTS, and a whole host of others who are signed to UMG’s imprint labels (such as Interscope Records, Def Jam Records, Motown Records, Geffen, and more), will be able to launch tokenised digital assets that revolve around their music careers – whether that be music NFTs themselves, CryptoArt, or some form of digital collectibles.

Although an official launch date for the Algorand-built platform hasn’t been released yet, the platform’s ‘Timeline’ suggests that its ‘official launch campaign’ will begin sometime this month, followed by a ‘public token sale’ and ‘official launch into the film industry’ to take place in Q4.

To receive early access and exclusive announcements regarding the platform’s launch, you can sign up to its waitlist here. 

Upon its launch, Limewire is expected to experience stiff competition from fellow old-school music service platform Napster, as its new owners (Algorand and Web3 investment firm Hivemind) intend to transform it into a similar Web3 music platform.

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