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

Abu Dhabi Developer To Build World’s First Healthy Living Island

The exclusive resort will be situated halfway between Abu Dhabi and Dubai, and will feature a helipad, 86 residential villas, and 49 apartments.

Published

1 hour ago

April 25, 2024

Nour Nasir

abu dhabi developer to build world's first healthy living island

Abu Dhabi-based real estate developer IMKAN has formed a partnership with the world-renowned SHA Wellness Clinic to construct a unique private island resort at Al Jurf, halfway between Abu Dhabi and Dubai.

The development is known as SHA Residences Emirates and will combine a holistic health resort with 86 residential villas and 49 apartments — two of which will be penthouses. The “healthy living island” will also offer easy beach access, a fantastic climate, and even a former royal palace.

Raed Al Hadad, chief of marketing and sales at IMKAN, explained why the idyllic location was chosen: “We have turquoise water here, cooler temperatures, and breezes. This is the place where the late Sheikh Zayed bin Sultan Al Nahyan used to come and reflect on key policies. This palace is where one of the first talks about the formation of the UAE took place”.

IMKAN is currently working alongside Abu Dhabi’s Department of Culture and Tourism to rejuvenate the historic palace and turn it into a tourist attraction.

Also Read: Abu Dhabi To Develop $1 Billion eSports Island Facility

Construction of the resort will begin in July and should be finished by 2025. The island will eventually be home to a full staff of doctors, therapists, yoga instructors, personal trainers, and world-class chefs. Residents and visitors will benefit from a full suite of services, including wellness programs, detox treatments, spas, and blood tests.

“Al Jurf as a destination has all the potential to promote wellness tourism. People from Saudi Arabia, India, and Russia are just a few hours away from this place,” Raed Al Hadad added.

The exclusive healthy living island will be accessible by road and also feature a helipad. Meanwhile the developers plan to add connections by water from Abu Dhabi and Dubai.