Return of the king: LimeWire raises $10 million in private token sale to grow music-linked NFT platform
LimeWire has raised $10.4 million in a private token sale led by Kraken Ventures, Arrington Capital and GSR as it builds its platform for music-focused NFTs. News of the fundraise, unveiled on Thursday, comes a little over a month after the company announced it was plotting a comeback.
The brand said it would use the fresh funds to grow its team, extend partnerships and onboard major music artists to the platform. Investors in the round also included Crypto.com Capital, CMCC Global, Hivemind, Hard Yaka, Red Beard Ventures, FiveT, 720Mau5, the fund behind Canadian music producer Deadmau5, as well as DAO Jones, a group of investors from the music industry, including electronic music artist Steve Aoki.
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