Sun, November 17

WeTransfer Forays Into NFT Sector by Partnering With Minima

Editors News
  • This partnership would provide Minima with an early footing in the digital art sector.
  • WeTransfer enables users to download huge files without registering for an account.

The freemium model file-sharing platform WeTransfer is taking a step towards Web3. By forming cooperation with Minima to enable the creation and transmission of NFTs from mobile devices. WeTransfer’s Chief Creative Officer Damian Bradfield said that the company decided to cooperate with Minima because their goals and those of their target audience were so similar.

WeTransfer, which enables users to download huge files without registering for an account, does have the necessary infrastructure to provide a smooth connection with the anonymity provided by blockchain users. Moreover, the other half of the alliance is Minima. A team of programmers built a stripped-down version of the blockchain called Layer-1.

Early Footing in Digital Art Sector

In Minima, a node may be launched by simply downloading the blockchain’s app and letting it operate in the background. For the NFT transactions that will be executed as a result of the agreement. The blockchain’s native token, Minima Coin, may prove to be the most convenient and secure payment option.

Furthermore, Hugo Feiler, CEO of Minima, believes that this partnership would provide his company an early footing in the digital art sector by enticing NFT artists who will earn a lifetime royalty on sales of their digital works of art via Minima.

Moreover, at the end of the month, the Minima blockchain will be released. Along with the NFT functionality that was likely built in tandem with WeTransfer. As with other hosting providers like Google and AWS, the software allowing customers to create their own Minima node will soon be available for download in more than 180 countries.

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An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.