🧵 1/ LÜM Fam, It is with great sadness that we announce that LÜM will be closing its doors, effective immediately. These last three years have been the best of our lives, and we appreciate every person who has made this journey so special.

Our final chapter has come to an end. Please take a few minutes to read about our amazing journey. On behalf of the entire LÜM team, thank you for everything. https://t.co/5L5yGJLFCR

7/ “If one dream should fall and break into a thousand pieces, never be afraid to pick one of those pieces up and begin again.” – Flavia Weedn Thanks for everything #LÜMFam

6/ Thank you to our fantastic team, advisors, and partners who have built this amazing community with us. Thank you for everything; we wish you all nothing but the best.

5/ On behalf of everyone on the LÜM team, we want to thank you one last time. Thank you to the 200,000+ artists who made web2 LÜM one of the music industry’s strongest music streaming and social media communities. Thank you to the web3 community for embracing us with open arms.

4/ We will also be on the sidelines cheering just as loud for the companies that will come next and make it easier for artists to monetize doing what they love. Never give up. Music is too important.

3/ Even though we will not be part of the future of the music industry, we will be the loudest cheerleaders for the artists we have worked with.

2/ This decision was not made lightly, and we hope you will remember the fantastic community we built together. Next week, we will share the full LÜM story with you. Although we felt like we were on the right path, we know we did not accomplish our goals.

Thank you, @lizclaman and Fox Business for having us on #TheClamanCountdown. For those that missed it, you can read the recap in the link below. “In the next few years, we will see 100 years of innovation.” @max_fergus #Blockchain #MusicNFTs #Web3 #LÜM https://t.co/ySKaSVwlZA

Tune into The Claman Countdown on Fox Business to catch LÜM CEO @max_fergus and @NeYoCompound talk about the music industry in Web3 and LÜM’s upcoming global launch. #Blockchain #MusicNFTs #MusicIndustry #Web3 #LÜM

Bang! Bang! @flow_blockchain @flowverse_ Web3 music industry is being built #OnFlow

GZ! @theavenjer_ @EliMontague2 @SalSanchez1017 @SameOlG_ @jp88NFT @arnelc24 @TernerT @magicsticksz @queeeez @Idkmybffjill420 Check your DMs. You are the lucky winners of our @nbatopshot giveaway.

The #WAGMI Giveaway concludes with an “All-Star” lineup of @nbatopshot Moments😉 One Moment from each starter in the 2022 All-Star Game is up for grabs (10 Moments total)👇 1️⃣ Follow @lum_xyz 2️⃣ RT and tag one artist you’d love to see on LÜM⬇️ Winners announced 2/7 at 12pm ET

@nickbawden12, @tinachibani, and @AndrewChibz check your DMs for more information!

For anyone that missed our first Music & Blockchain educational session with @new_branches, you can tune in below. We had some technical difficulties, but we hope you enjoy it! 🎉 @nickbawden12, @tinachibani, and @AndrewChibz you are the winners of our Golden Ticket giveaway.

🚨 Calling all music fans interested in learning about NFTs🚨 Set your reminders. Looking forward to this @new_branches.

Our first "Music & Blockchain" educational Twitter Space with @new_branches kicks off tomorrow and comes with an opportunity to win a few of our exclusive whitelist Golden Tickets. You will not want to miss out! Details ⬇️

We are excited to announce that we have teamed up with @new_branches to host an educational series about music, NFTs, Blockchain, and Web3. Part #1: Music & Blockchain (The Basics) 📅Twitter Space Thursday, 2/3 at 8:30pm ET #MusicNFTs #MusicIndustry #Blockchain #NFTs

The modern music industry was built by talented black creators. With web3, we can create a more equitable environment by giving ownership to both creators and their communities. We are excited to work with those who are helping shape the new music industry. #BlackHistoryMonth

Music discovery platform LÜM is transitioning into an NFT-first platform aiming to connect fans to artists