Limewire has raised $10.4 million in a private token sale 💰 The platform — once used to download music and movies illegally — is now relaunching as an NFT marketplace 🔥
LimeWire says it "will use these funds and strong connections within the crypto and music industry to grow our team, extend partnerships, support artists and curate high-quality content."LimeWire has completed a private sale for its new token as it prepares to relaunch as an NFT marketplace.
Kraken Ventures, Arrington Capital, Crypto.com Capital and deadmau5 were among the investors. DAO Jones — a group of investors from the music industry that counts Steve Aoki among its members — also took part. Kraken Ventures partner Akshi Federici said LimeWire is "uniquely positioned to increase participation in digital collectibles within the music industry," adding:
Crypto.com added that it believes the opportunities offered by the NFT market aren't being fully realized at present.
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