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

3 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

“AI Seal” Certification Now Required For Dubai Gov Partnerships

The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.

Published

22 hours ago

January 21, 2025

Nour Nasir

ai seal certification now required for dubai gov partnerships

Dubai Media Office

Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.

Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.

The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.

dubai ai seal certification

Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.

Also Read: Top Free AI Chatbots Available In The Middle East

The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.

All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.