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A pair of serial entrepreneurs in Austria have bought the rights to defunct music platform LimeWire with plans to revamp its image for the Internet’s next generation by selling nonfungible tokens (NFTs) attached to music, content and art. LimeWire, one of the earliest iterations of Web-based music consumption with a reputation as a haven for illegal downloads, ended in controversy in 2010 after a judge shut down the business for inducing copyright infringement, which was then followed by a US$105 million out-of-court settlement between major record companies and then-LimeWire chief executive...

Will debut with support for buying and trading music-related nonfungible tokens.

(Bloomberg) -- A pair of serial entrepreneurs in Austria has bought the rights to defunct music platform LimeWire with plans to revamp its image for the internet’s next generation by selling nonfungible tokens attached to music, content and artworks.

Share this article Share this article NEW YORK, June 4, 2021 /PRNewswire/ -- GMO-Z.com Trust Company, Inc. ("GMO Trust"), the New York-based, regulated stablecoin subsidiary of Japanese Internet conglomerate GMO Internet Group ("GMO Group"), announced a partnership with Wyre, Inc. ("Wyre"), the payment company powered by blockchain. The partnership is designed to integrate the world's first regulated Japanese yen (JPY) stablecoin, ticker symbol: GYEN, onto Wyre's Payment suite of API-driven products, including payments, global payouts, wallets, crypto to fiat exchange and foreign exchange sol...