LimeWire ជ្រើសរើស Algorand blockchain សម្រាប់ទីផ្សារ NFT របស់ខ្លួន។

LimeWire recently announced its comeback as a marketplace for non-fungible tokens. LimeWire used to be a file-sharing platform such as BitTorrent, but it shut down in 20120 amid a series of legal issues.

LimeWire’s new owners Paul and Julian Zehetmayr purchased the intellectual rights to the platform in 2021. The two were not involved with LimeWire while it was operating as a file-sharing firm.

LimeWire to create an NFT platform on Algorand

តើអ្នកកំពុងស្វែងរកព័ត៌មានរហ័សព័ត៌មានជំនួយក្តៅនិងការវិភាគទីផ្សារមែនទេ?

ចុះឈ្មោះសម្រាប់ព្រឹត្តិប័ត្រ Invezz ថ្ងៃនេះ។

LimeWire has បានបញ្ជាក់ that its NFT marketplace will run on the Algorand (ALGO / ដុល្លារ) blockchain. Moreover, it expects to launch its own native token towards the end of the year. The token will provide holders with governance rights and rewards.

LimeWire stated that it had selected the Algorand blockchain because it was energy-efficient and a carbon-negative blockchain network. Algorand used a proof-of-stake (PoS) consensus that consumed lesser energy than proof-of-work networks such as Bitcoin (BTC / USD) និង Ethereum (ETH / ដុល្លារ).

The co-CEO of LimeWire, Paul Zehetmayr, commented on this development, saying,

If you are an average music fan on the internet, you might not own any cryptocurrency or have access to a crypto wallet, let alone understand the mechanics of collectibles on the blockchain. We want to remove all those obstacles and make it easy for people to participate while at the same time offering an exciting platform for crypto natives.

Adoption of Algorand by NFT platforms

Algorand is one of the key players in the decentralized finance (DeFi) and NFT sectors. The network is already winning big in the NFT and digital art industry. Some of the marketplaces already running on the Algorand network include Asolp, Mintdrops, Dartroom, Republic, Blocsport, ZestBloom and more.

However, the Ethereum blockchain is still the largest blockchain in supporting NFT works. Moreover, the NFT marketplaces running on the Ethereum network are larger than those running on Algorand. OpenSea, the largest NFT marketplace by trading volumes, has the highest trading volumes. In 2021, its trading volumes reached $14 billion.

LimeWire could come become one of the largest NFT marketplaces on Algorand, given its reputation over the years. However, the NFT space is very competitive, and it is still to be seen whether LimeWire can surpass OpenSea’s trading volumes.