20/05/2022 Universal Music Group to Release NFTs on LimeWire’s Algorand Marketplace

The major music label behind Taylor Swift, U2, Kendrick Lamar, and BTS will let artists drop NFTs on the new Web3 version of LimeWire.

Kendrick Lamar and Taylor Swift are signed to Universal Music Group labels. Image: Shutterstock
Kendrick Lamar and Taylor Swift are signed to Universal Music Group labels. Image: Shutterstock

Digital music sharing services are coming back… inWeb3form. Just days after news broke thatNapster will returnin the form of anNFTmarketplace onAlgorand, LimeWire—which announced its ownAlgorand-based marketplace in March—announced today that it hassigned major label Universal Music Groupto its platform.

The global deal will let artists signed to Universal Music Group and its myriad imprint labels release tokenized digital collectibles via the upcoming LimeWire marketplace. Universal’s imprints include the likes of Interscope Records, Def Jam Records, Motown Records, Geffen, Republic Records, EMI, Virgin Music, and others.

Collectively, the Universal Music Group lineup includes such massive artists as Taylor Swift, Kendrick Lamar, The Rolling Stones, U2, BTS, Chris Stapleton, The Weeknd, Abba, and Elton John. Today’s deal doesn’t necessarily mean that any of those artists will release NFTs via LimeWire, but they will apparently have the opportunity to do so.

Music Sharing Service LimeWire Is Back—As an NFT Marketplace

A popular peer-to-peer music sharing service from the early 2000s is about to get a second act. Today, the new owners of the long-dormant brand LimeWire announced that it will be relaunched as...

Andrew HaywardMar 9, 2022

LimeWire will be relaunched as an NFT marketplace that’s initially focused on music-related assets, whether it’s actual music or things like artwork and collectibles from musicians. Serial tech entrepreneurs Paul and Julian Zehetmayr acquired the dormant peer-to-peer music sharing service last year andannounced their Web3 plans in March.

In April, LimeWire revealed that itraised $10.4 million in a token saleled by Kraken Ventures, Arrington Capital, and GSR, with participation from other firms such as Crypto.com Capital and musician Deadmau5’s 720Mau5 fund.

According to the token sale announcement, LimeWire plans to begin its “official launch campaign” later this month and then open up the marketplace soon thereafter. An NFT acts like a proof of ownership to a digital item, and can represent goods like digital artwork, music files, collectibles, and more.

Algorand is aproof-of-stakeblockchain network that’s billed as a rival toEthereum, the leading platform for NFTs and decentralized apps. Last week, Algorand and Web3 investment firm Hivemind announced that they had acquired streaming (and formerly peer-to-peer) music service brand, Napster, with plans to launch a Web3 music platform.

This isn’t Universal’s first move into the Web3 space. Last November, UMG’s 10:22PM labelannounced the launch of Kingship, a Gorillaz-inspired virtual band based on a series ofBored Ape Yacht ClubNFTs. The band will perform in metaverse worlds and sell its own NFTs too.

Meanwhile, rival Warner Music Groupsigned a partnershipwith metaverse gameThe Sandboxin January. The label, which houses artists like Lizzo and Ed Sheeran, will develop virtual land in The Sandbox’s game world and host concerts within the space.



Interesting NFTs
Shalom! I'm RareJokerEyez. In high school, I was voted school jock. My friends describe me as "seductive." It's... accurate. I hope we can be brilliant friends.
Smile to Shreds, Neon Gwen
The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
conceptual art. drawing and digitally processed.
Pump, dump and bump Banksta to death. Demon or dead normal? Print fiat at will. What more do you want?
José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.