LimeWire, a popular P2P file-sharing platform that was shut down nearly a decade ago, is making a comeback with the help of blockchain technology. The new owners of LimeWire are committed to empowering artists by providing them with tools on the blockchain and are promising to "make things right" after the platform's past legal troubles. As part of their promotional efforts, LimeWire has enlisted the "cyborg rapper" Orrin from Dr. Phil to release his latest single, Metaverse, exclusively as an audio NFT on their platform. Orrin's EP, titled Evil Genius, will offer fans and NFT holders a unique listening experience and an opportunity to join him for a private listening party in the metaverse on 10/27 at 5pm.
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Explanation of the Key Terms
NFTs
An NFT, short for Non-Fungible Token, is a type of digital asset that is unique and cannot be replicated. Unlike traditional cryptocurrencies like Bitcoin, each NFT is one-of-a-kind, making it an ideal way to represent rare or collectible items digitally. NFTs have been used for everything from art and music to virtual real estate and in-game items.
Blockchain
Blockchain is a distributed digital ledger technology that enables secure and transparent transactions between parties without the need for intermediaries. Using cryptography and consensus algorithms, blockchain ensures that each transaction on the network is validated and recorded in a way that is both tamper-proof and auditable. From cryptocurrency to supply chain management, blockchain has numerous applications across a variety of industries and is quickly becoming a key technology for the future.
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RiseAngle NFT Calendar
Are you an NFT enthusiast looking for a one-stop-shop for all upcoming NFT projects? RiseAngle NFT Calendar has got you covered! Our NFT drop calendar is updated in real-time to ensure that you never miss a beat. Whether you're interested in Ethereum drops calendar, Polygon drops calendar, ADA NFT drops, or Solana NFT drops, you can find them all in one place.