- 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).
As part of this new partnership, UMG artists can now offer audio recordings, audiovisual content, backstage footage as well as other artworks as NFTs on the @LimeWire marketplace and sell them directly to fans and collectors in a safe and trusted environment.