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WeTransfer announced partnering with the blockchain-based Minima in launching non-fungible tokens (NFT). The digital file-sharing specialist would facilitate users in generating NFTs using their phones. The update identified Minima as a layer 1 blockchain-based platform utilizing the peer-to-peer network compatible with mobile utilization.

Leveraging Decentralized Network

Minima update revealed that the ultra-lean protocol would facilitate users in running the entire construction and validation nodes. Its accomplishment yields optimism that the users can leverage the decentralized network.

The blockchain-based platform utilizes the Minima coin as the native token to facilitate peer-oriented transfers amongst users without third-party input. The platform is within the testnet phase with the mainnet for March 2023 in over 180 countries.

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Partnering to Improve Revenue Collection and Digital Assets Sharing

The firm’s press release indicated that the WeTransfer-Minima partnership would facilitate blockchain users to accomplish digital assets sharing and revenue collection.

The developers participating in the project lauded the partnership as one capable of exploring the practical utilization of NFT technology. Minima chief executive Hugo Feiler outlined that the partnership would serve exploration purposes to serve beyond the crypto industry’s interests.

Exploring Practical Integration of NFT

Feiler added that the partnership would explore the practical integration of NFT technology as an innovative digital tool. He added that the partnership would assess its user in broader adoption.

Meanwhile, other web2-based file-sharing providers have ventured into blockchain technology to expand their offerings. Google ventured into cloud-based blockchain in October 2022 for Ethereum. Also, Amazon Web Services (AWS) announced new hires comprising experts tasked with building Web3 products.

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Michael Scott

By Michael Scott

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