WeTransfer, a well-known company that facilitates file transfers, has entered (1) into a strategic partnership with Minima to facilitate the introduction of a Non-Fungible Token (NFT) minting service in March.
The new financial instruments will first be distributed over a secure peer-to-peer network. This will make it possible for individuals to trade NFTs directly with one another without the need for an intermediary third party.
Minima is a blockchain and P2P network designed to be accessible to the greatest number of people. This was accomplished by making the network compact enough to run on mobile and Internet of Things devices.
Customers of the free Minima cooperative can build their assets, which they can disperse on the network. This will also enable creators to gather royalty payments, a levy resolved with makers after a sale or resale of the NFT.
Customers of the Minima cooperative can build their assets on the Minima platform. For users to use the service, they will need to have a Minima node.
The partnership with WeTransfer has produced concrete proof of the involvement of IT giants in the non-fungible token (NFT) and blockchain industries.
The most recent statistic indicates that more than 2 billion files are transferred using WeTransfer every month by 70 million users. The colossal online marketplace, eBay, has also been actively participating in the NFT market for quite a few months.
According to Hugo Feiler, the Chief Executive Officer of Minima, the organization is getting ready to investigate the applicability of the NFT tech and become a test case to demonstrate the enormous potential of widespread utilization of this innovative virtual instrument.
Minima is a Layer 1 blockchain that provides users with an ultra-lean protocol that enables anyone to operate a full building and verifying node, ultimately creating a decentralized network.
To facilitate financial transactions between users, the blockchain employs the Minima token, which serves as its native currency. The platform is now in the test net phase, and its goal is to go live in over one hundred countries in March.
Per the press release, the partnership with WeTransfer will make it possible for blockchain users to collect revenue and distribute virtual tokens to one another effortlessly.
Several file-sharing firms on Web 2 have been heavily investing in blockchain technology to expand their product lines. Recent events saw the launch of a cloud-based node engine developed by Google for use in Ethereum applications.
According to the company, its Google Cloud Blockchain Node Engine would be a fully managed node-hosting solution that will lessen the need for certain node tasks.
A node is a system that runs the software that makes up a blockchain to confirm and maintain the history of transactions that have occurred on the blockchain's network. However, Amazon's cloud provider, Amazon Web Services (AWS), is hiring people to work on the development of its Web3 products.