{"id":323835,"date":"2023-05-09T20:54:55","date_gmt":"2023-05-09T19:54:55","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=323835"},"modified":"2023-05-09T20:54:55","modified_gmt":"2023-05-09T19:54:55","slug":"limewire-has-raised-over-16m-for-its-blockchain-focused-revival","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/limewire-has-raised-over-16m-for-its-blockchain-focused-revival\/","title":{"rendered":"Limewire has raised over $16M for its blockchain-focused revival"},"content":{"rendered":"

Limewire said May 9<\/a> that it raised more than $16 million for its revived platform through sales of its cryptocurrency token (LMWR).<\/p>\n

Limewire surpasses $15M goal<\/h2>\n

By raising $16.5 million, Limewire has surpassed its $15 million funding goal and is more than halfway to its $30 million fundraising limit.<\/p>\n

The project's website says that the sale will close on May 11 and that the token will be listed on four major exchanges beginning on May 16.<\/p>\n

The project raised funds in fiat as well as cryptocurrencies, including Ethereum<\/a> (ETH), Bitcoin<\/a> (BTC) USD Coin (USDC), Tether (USD), and Binance Coin (BNB). It added support for XRP, Cardano (ADA), and Polygon (MATIC) payments around May 6.<\/p>\n

Limewire previously announced on April 21 that it had raised $10 million through a private sale led by led by Kraken Ventures, Arrington Capital, and GSR.<\/p>\n

NFT platform for creators<\/h2>\n

Limewire is best known as a file-sharing service active in the early 2000s<\/a>. The platform became controversial for enabling copyright infringement of music and faced lawsuits from the recording industry. Limewire was eventually shut down circa 2010.<\/p>\n

However, Limewire's revived version will instead serve as a platform for music artists<\/a>. Creators will be able to create content on blockchain-based content and monetize that content with cryptocurrency rewards, payments, and subscriptions.<\/p>\n

Content on the platform will be stored and traded as non-fungible tokens (NFTs), and access to that content can be gated behind NFTs and other tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"

Limewire said May 9 that it raised more than $16 million for its revived platform through sales of its cryptocurrency token (LMWR). Limewire surpasses $15M goal By raising $16.5 million, Limewire has surpassed its $15 million funding goal and is more than halfway to its $30 million fundraising limit. The project’s website says that the […]<\/p>\n","protected":false},"author":1403,"featured_media":224274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76232],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nLimewire has raised over $16M for its blockchain-focused revival<\/title>\n<meta name=\"description\" content=\"Limewire said on May 9 that it has raised more than $16 million toward its revived platform through sales of its cryptocurrency token (LMWR).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/limewire-has-raised-over-16m-for-its-blockchain-focused-revival\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Limewire has raised over $16M for its blockchain-focused revival\" \/>\n<meta property=\"og:description\" content=\"Limewire said on May 9 that it has raised more than $16 million toward its revived platform through sales of its cryptocurrency token (LMWR).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/limewire-has-raised-over-16m-for-its-blockchain-focused-revival\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T19:54:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/limewire-nft.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike Dalton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Dalton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/limewire-has-raised-over-16m-for-its-blockchain-focused-revival\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/limewire-has-raised-over-16m-for-its-blockchain-focused-revival\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#person\",\"name\":\"Mike Dalton\",\"url\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mike-dalton\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mike-dalton-author-300x300.jpg\",\"caption\":\"Mike Dalton\"},\"jobTitle\":\"Former Journalist\",\"description\":\"Before transitioning to crypto writing in 2018, Mike studied library and information sciences. 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