Universal Music Group is partnering with LimeWire to use the NFT marketplace to sell and market music-focused NFTs.
Originally founded as a peer-to-peer file-sharing site in 2000, LimeWire, along other similar sites like Napster, quickly upended the music business following a decade of massive growth. Hosting a myriad of free, pirated music and other files, LimeWire and others are often cited for causing recorded music sales to plummet from their all-time high of $14.
In April, LimeWire announced it had raised $10.4 million in a private sale of its LMWR token, led by several large VC firms. Also participating were
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