P2P file sharing platform limewire is creating a digital currency place focused on music, arts and entertainment.
The company said in a statement today. NFT to restart the marketplace Algorand announced that it chose the blockchain.
It is stated that LimeWire plans to launch a token that will offer private community access, voting mechanisms and rewards system for token holders in addition to the NFT marketplace.
LimeWire aims to provide convenience to NFT beginners with features such as fast, easy registration and hassle-free KYC.
Making a statement on the subject, Paul Zehetmayr from Lime Wire stated that there are very big players in the NFT field in the market, but the necessary progress has still not been achieved on the way to becoming a mainstream.
Thinking that the difficulties at the time of first entry played a major role in the formation of this situation, Zehetmayr said that they aim for a platform that removes all obstacles for investors.
Company’s preference AlgorandThe fact that Algo is a carbon-negative and energy-efficient network has an effect. Because recently, cryptocurrencies and energy are considered as an inseparable part of each other.
Steven Kokinos, CEO of Alogrand, said they were excited that Limewire chose Algorand.
After the Limewire news, Algo pulled back after gaining 3.6%.