News

LimeWire Is About To Make A Comeback As An NFT Marketplace

LimeWire has launched an invite-only private token sale as the last major milestone before officially launching the marketplace itself in May 2022.

Published

2 years ago

March 16, 2022

David Morelo

limewire is about to make a comeback as an nft marketplace

If you were on the internet between 2000 and 2010, the chances are that you have experience with using LimeWire to download content of a questionable legal status.

Now, the name of the popular peer-to-peer (P2P) file sharing application is making a comeback as an NFT marketplace powered by the Algorand blockchain, which is also home to ZestBloom, Abrist, Dartroom, Blocsport, Asolp, and other NFT and digital art marketplaces.

“LimeWire is back to bring digital collectibles to everybody” states the official website, which currently features a waitlist for early access. LimeWire’s unexpected resurrection as an NFT marketplace can be traced to the 2021 purchase of intellectual property rights to LimeWire by Austrian brothers Julian and Paul Zehetmayr.

“The issue with the NFT market is that most platforms are decentralized” Julian 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”.

Determined to fill the hole in the market, Julian and Paul established a core team in Q3 2021, and they’re now ready to launch an invite-only private token sale as the last major milestone before officially launching the marketplace itself in May 2022.

Also Read: 5 Gaming Cryptos That Will Explode In 2023

To be as user-friendly as possible, the LimeWire NFT marketplace will show prices in US dollars, instead of a cryptocurrency like Bitcoin or Ethereum. Even the choice of the Algorand blockchain is meant to increase the project’s mainstream appeal because Algorand relies on a low-energy consensus mechanism called Proof-of-Stake to address major concerns around the energy consumed by cryptocurrencies.

It will be interesting to see how many of the millennials who remember LimeWire from their childhood years will react positively to the platform’s comeback when it launches in the near future.

News

Joby To Establish All-Electric Air Taxi Ecosystem Across The UAE

The comprehensive agreement with Abu Dhabi’s government includes a training program, infrastructure development, and a manufacturing presence.

Published

4 days ago

May 1, 2024

Nour Nasir

joby to establish all-electric air taxi ecosystem across the uae

Joby Aviation

All-electric aircraft company Joby Aviation has secured three separate agreements with departments of Abu Dhabi’s government that lay the groundwork to develop and scale air taxi services in the Emirate and beyond.

The deal was signed at the recent DRIFTx thought-leadership and exhibition platform and gave Joby exclusive rights to not only operate air taxi services in Dubai but also unlock inter-emirate services between Abu Dhabi.

joby air taxi partnership abu dhabi

Joe Ben Bevirt, founder and CEO of Joby Aviation, said: “Today’s agreement demonstrates the incredible momentum behind the adoption of clean flight across the UAE. We’re looking forward to delivering a fantastic experience for our future customers in Abu Dhabi and we’re excited to be unlocking the potential for zero-emissions flight between Abu Dhabi and Dubai. We’re grateful for the support and collaboration of our governmental partners and the entire ecosystem in Abu Dhabi and we remain deeply impressed by their commitment to building out a world-class aviation ecosystem in the Emirate”.

Joby’s all-electric aircraft went on display for the first time in Abu Dhabi’s Yas Marina at the DRIFTx event. The air taxi is designed to carry a pilot and four passengers and can reach speeds of 200 miles per hour (321 km/h). The zero-emission craft is said to have an extremely low acoustic footprint and can travel a maximum of 100 miles (161 km) on a single charge.

Also Read: Lebanese Newspaper Builds AI President To Beat Political Crisis

Once operational, Joby’s air taxi fleet would enable fast, clean travel across the UAE, with journeys between Abu Dhabi to Dubai taking just 30 minutes compared with two hours by car during peak times.

Joby continues to work closely with the UAE’s General Civil Aviation Authority (GCAA) to help the Emirates become a world leader in the introduction of air taxis. Additional testing and analysis will be required before inter-emirate travel becomes a reality, but the cutting-edge technology already appears to have great potential.