According to the Chief Executive Officer of Minima, the cooperation is all set to examine the practical utility of the NFT technology.
WeTransfer, a famous file transfer corporation, has partnered with Minima to launch a Non-Fungible Token (NFT) minting service in March. The NFTs will be rolled out via a safe peer-to-peer network that enables the exchange of an NFT from one individual to the other without the involvement of a third-party intermediate.
Minima is a blockchain and peer-to-peer network built to be available to as many people as possible by creating it small enough to operate on mobile and IoT devices. Customers of the free Minima cooperative can build their own assets to distribute on the network, and will also enable creators to gather royalty payments- a levy settled with creators after a sale or resale of the NFT. Users will require a Minima node to use the service.
The collaboration with WeTransfer has provided solid evidence of tech giants indulging in the NFT and blockchain space. According to the latest report, 70 million people transfer more than 2 billion files every month via WeTransfer. E-commerce giant eBay has also been persistently engaging in the NFT space for quite a few months now.
According to the Chief Executive Officer of Minima, Hugo Feiler, the association is all set to examine the practical utility of the NFT technology and become a test case to present the immense potential of mass adoption of this creative virtual instrument.
Minima, which is a Layer 1 blockchain, offers an ultra-lean protocol that allows users to run a full constructing and validating node, eventually building a completely decentralized network. The blockchain utilizes the Minima coin as its native currency to enable transfers between users. The platform is presently in its test net phase and aspires to go live in March in more than 100 countries.
According to the press release, the collaboration with WeTransfer will enable users of the blockchain to share virtual tokens and easily collect revenue.
Many Web2 file-sharing services have been engaging deeply in blockchain technology to grow their offerings. Google recently inaugurated a cloud-based node engine for Ethereum projects. The firm said that its Google Cloud Blockchain Node Engine will be a completely managed node-hosting service that can reduce the requirement for node functions. A node is essentially a type of computer that operates a blockchain’s software to confirm and store the history of transactions on the blockchain’s network.
On the other hand, Amazon’s cloud service Amazon Web Services (AWS) is employing staff to develop its Web3 products.
Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.
