Indeed; the only license that I had for a V8.0, was on Win98 SE; the most useful feature was the pwd protection and the volume split in multiple archive 
I remember the good old time when I had no internet at home, so I would go to the internet cafe and save stuff on a ton of floppy....winzip was the only way to do that 
Yepp I used WinZip to back in the day, now it's bloatware trash sadly.
Today all I need on a x86 machine is 7-zip and/or winrar got some problems vise versa with em and huge 500GB-1.5TB splited torrents so need both installed.
I remember I also used WinACE and Unace in the past.