Top news in the music streaming industry is that LimeWire has taken a huge step forward in its launch, raising $17.5 million through the public sale of its LMWR crypto token. LimeWire, a blockchain-powered music streaming and NFT platform, is creating a new digital currency, called LMWR. The token will enable users to purchase music, buy and sell digital goods, and participate in a variety of activities.
Furthermore, according to the Global Music Publishing Market Report 2023, the global music publishing market was valued at $5.7 billion in 2022, and is projected to reach $9.0 billion by 2030. This growth is mainly attributed to the increasing digital music distribution and streaming platforms, the rise in the popularity of digital media, and the increasing demand for music in the entertainment industry.
It’s undoubtedly an exciting time in the music streaming industry, where we’re seeing new opportunities designed for artists and music fans to interact and collaborate in meaningful ways. If you’re interested in keeping up with the latest news, don’t forget to follow @LimeWire on Twitter and use the hashtags #MusicStreaming #DigitalWork #DigitalWorld for updates on digital trends and advancements.
#LMWR #MusicStreaming #DigitalWork #DigitalWorld #Limewire
What is Limewire?
The team, led by co-CEOs Paul and Julian Zehetmayr is on a mission to reshape the creator economy by offering the first content subscription platform with the concept of ownership at its core and leveraging the benefits of blockchain technology and Web3.
LimeWire is a platform for content creators, artists and brands to create membership-based communities for their most passionate fans. We aim to help artists build a recurring revenue stream by providing a platform and framework for direct fan membership. In turn, fans receive exclusive content, access to a private community, the ability to directly communicate with the artists and brands they love, and become a part of their journey. Through blockchain technology, we make exclusive content and assets ownable and tradeable, allowing fans to not only consume exclusive content but also to directly participate in the success of the creators they support. In short, the new LimeWire is the first Web3 subscription platform for artists, brands and creators.
What is the rewards for artists? : Revenue Share You receive 80% of all membership payments, including a 2.50% royalty on all resales