Limewire, a former file sharing platform has become a web3 company, acquired the rights of the Fyre Festival’s deadly brand and plans to revive it with a crypto twist.
In a Tuesday announcement, Limewire said it bought the trademark, Fyre Festival logo, logo, domain and social media account. Marcus Feistl, chief operating officer of Limewire, told Cointelegraph that the new repeat will include offline events, including LMEWIRE’s LMWR token powering access to products and services.
The fyre festival became a symbol of the failed hype in 2017, when a promised luxury music event in the Bahamas fell into the chaos, leaving attendees stranded without proper food or residence. Its founder, Billy McFarland, will eventually condemned of fraud and punished in prison. Limewire confirmed that McFarland is not involved in the new project.
Feistl said the initiative was led by a new and separate team. He also promised that this repetition would not be the same as launching the first Fyre Festival. “We’re definitely not going to make the mistakes again,” Feistl said. “Our plans for FYRE are not limited to digital products, but also exploring real world experiences.”
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The Rights to the Fyre Festival IP earned on eBay
According to a July New York Times ReportRights to the Fyre Festival brand have been sold on eBay for $ 245,000. Feistl told Cointelegraph that Limewire obtained the “trademark, logo, domain and social media account,” which he thinks is “all with an IP in the brand.”
While the company has not shared much in terms of details, Limewire said the LMWR token would be a major part of the initiative, “accessing access to future products and services.” Limewire CEO Julian Zehetmayr said the company will not return the festival but “the brand and meme will return.”
Limewire said the LMWR token should be deep in the new Fyre Festival initiatives, with the addition of feistl, “there are many ways to integrate the LMWR into the new FYRE,” citing utility-driven and marketing applications.
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Limewire: From file sharing to crypto
Limewire has been a popular peer-to-peer file sharing service since early 2000 stopped operations in 2010. This Back with an unimaginable token (NFT) Marketplace in 2022 after the rights of the name found their new -owned.
In 2023, limewire Released a Web3 game themed on Microsoft Windows XP Operating SystemPlaying in nostalgia for 2000s digital piracy. Most recently —but, in late 2024, the firm also back to its roots by debuting a decentralized file sharing feature Powered by BNB Greenfield.
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