LimeWire, a former file-sharing platform turned Web3 firm, acquired the rights to the notorious Fyre Pageant model and plans to relaunch it with a crypto twist.
In a Tuesday announcement, LimeWire mentioned it had bought the Fyre Pageant’s trademark, brand, area and social media accounts. Marcus Feistl, LimeWire’s chief working officer, informed Cointelegraph that the brand new iteration will embrace offline occasions, with LimeWire’s LMWR token powering entry to services and products.
The Fyre Pageant grew to become an emblem of failed hype in 2017, when a promised luxurious music occasion within the Bahamas collapsed into chaos, leaving attendees stranded with out correct meals or lodging. Its founder, Billy McFarland, was later convicted of fraud and sentenced to jail. LimeWire confirmed that McFarland just isn’t concerned within the new undertaking.
Feistl mentioned the initiative is led by a brand new and separate staff. He additionally promised that this iteration won’t be like the primary Fyre Pageant’s launch. “We’ll positively not make previous errors once more,” Feistl mentioned. “Our plans for Fyre are usually not restricted to digital merchandise, but additionally exploring real-world experiences.”
Associated: Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal, and more
Fyre Pageant IP rights acquired on eBay
In accordance with a July New York Instances report, the rights to the Fyre Pageant model had been offered on eBay for $245,000. Feistl informed Cointelegraph that LimeWire acquired “the trademark, brand, area and social media accounts,” which he feels is “all related IP to the model.”
Whereas the corporate didn’t share a lot by way of particulars, LimeWire mentioned its LMWR token could be a key a part of the initiative, “powering entry to future services and products.” LimeWire CEO Julian Zehetmayr mentioned the corporate just isn’t bringing the pageant again however “bringing the model and the meme again to life.”
LimeWire mentioned the LMWR token is to be deeply ingrained into the brand new Fyre Pageant initiatives, with Feistl including, “There are many methods to combine LMWR into the brand new Fyre,” mentioning utility-driven and advertising functions.
Associated: Nifty News: GameStop NFT’s first day, Limewire trends and game dev attacks
LimeWire: from file sharing to crypto
LimeWire was a well-liked peer-to-peer file-sharing service from the early 2000s that ceased operations in 2010. It came back with a non-fungible token (NFT) market in 2022 after rights to the title discovered their new homeowners.
In 2023, LimeWire released a Web3 game themed on the Microsoft Windows XP operating system, taking part in on nostalgia for 2000s digital piracy. Extra not too long ago, in late 2024, the agency additionally returned to its roots by debuting a decentralized file-sharing feature powered by BNB Greenfield.
Journal: Can privacy survive in US crypto policy after Roman Storm’s conviction?
