The controversial service was shut down in 2010 following a lengthy legal battle with the Recording Industry Association of America.
The new LimeWire will focus on music, letting users buy and trade rare items such as limited editions, unreleased demos and digital merchandise.
"The issue with the NFT market is that most platforms are decentralized," Julian Zehetmayr told CNBC."If you look at bitcoin, all the exchanges are making it really easy to buy, trade and sell bitcoin. There's no one really doing the same in the NFT space." NFTs took off in a big way in 2021, with trading in the tokens reaching billions of dollars. The market has attracted everyone from crypto enthusiasts to celebrities, with a popular range of digital collectibles called the Bored Ape Yacht Club even making an appearance on"The Tonight Show Starring Jimmy Fallon."
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