Web3 Wave in Music World: UMG Signs NFT Deal With Limewire

UMG Signs NFT Deal With Limewire

  • Universal Music Group to release NFTs on LimeWire’s Algorand marketplace.
  • This union will enable artists under the UMG contract to publish their NFTs.
  • The music industry is embracing Web3: LimeWire Co-CEOs.

LimeWire, a former P2P file-sharing platform that was recently relaunched as a digital collectible marketplace, has inked a global deal with the multinational music corporation, Universal Music Group, (UMG) to bring its artists’ digital collectibles to global audiences through non-fungible tokens (NFTs).