It’s a little closer to a resurrected RadioShack’s plans to launch a cryptocurrency marketplace, except that this NFT sale is a small part of its relaunch as a music service, not a broader move into crypto - at least so far. Venerable peer-to-peer file-sharing service LimeWire recently “relaunched” as an NFT marketplace, but it shares effectively no connection to its previous iteration a new company apparently just bought the domain name and revived an expired trademark. However, there’s a stronger connection between Winamp’s current form and its original one than some crypto projects.
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There’s also a long-running community update project for the original app. Radionomy (and later its majority stakeholder AudioValley) revamped it as a mobile audio app, then announced a broader relaunch for this year.
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The MP3-playing software was acquired by AOL in 1999, then sold to online radio company Radionomy in 2014 after a long decline and shutdown. Winamp isn’t precisely the service you might remember from the ’90s. The artists will get 10 percent of any royalties on later sales, where the seller will set their own price.
Nineteen of the pieces will sell in editions of 100 copies, and the remaining one will have 97 they’ll all sell for 0.08 Ethereum - around $210 at current exchange rates. Winamp is sourcing the derivative art NFTs by asking artists to submit Winamp-based works between now and April 15th, then giving selected artists 20 percent of the proceeds from each sale of their image as an NFT. The NFT sale appears to be a combination of a publicity move and a fundraising effort. The proceeds will go to the Winamp Foundation, which promises to donate them to charity projects, starting with the Belgian nonprofit Music Fund. Winamp will put the NFT up for auction through OpenSea between May 16th and May 22nd, followed by a separate sale of 1997 total NFTs based on 20 artworks derived from the original skin. Not valid for resellers and/or online auctions.Winamp will sell a non-fungible token (NFT) linked to its media player’s original 1997 graphical skin, becoming the latest company to blend nostalgia and crypto. Using platforms like Limewire and WinMX, users pirated MP3s and amassed their own. While it was never explicitly designed to play pirated music, it became synonymous with peer-to-peer file sharing. Expedited Delivery not available on certain TVs, monitors, batteries and adapters, and is available in Continental (except Alaska) U.S. Winamp (a portmanteau of Windows and Advanced Multimedia Products), is a free media playback software that rose to prominence in the late 90s. Outlet purchases do not qualify for rewards. Total rewards earned may not exceed $2,000 within a 3 month period. Bose products only eligible for up to 3% rewards.
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