WeTransfer Makes Its Initial Entry into Web3 through a Partnership with Minima, Aiming to Launch an NFT Minting Service.

WeTransfer, a prominent name in the file-sharing industry, is gearing up to enter the NFT space in partnership with Minima, launching their NFT minting service next month.

With this new service, creators can easily mint NFTs from any smart device and benefit from royalty payments derived from the sale and resale of these digital creations. This initiative is backed by Minima’s blockchain protocol, known for its focus on data privacy and user sovereignty. The protocol is scheduled to go live next month, accessible to users across 180 countries.

According to Minima's website, their network allows individuals to share information securely without the need for intermediaries. Each user of the Minima app acts as an equal contributor to the network, with every participant serving as a validating node.

As highlighted in its whitepaper, Minima envisions establishing a truly decentralized cryptocurrency ecosystem. It addresses the prevalent issue of centralization seen in miner-dependent networks, ensuring that each user is a comprehensive and equal participant in the network.

The network aims to attain this goal by moving away from the traditional miner-centric fee system, instead designing the protocol to be resource-efficient enough that anyone can operate a full node. Moreover, the protocol seeks to maintain immutability, scale effectively from the outset, achieve quantum security, and be both compact and robust.

Founded in Switzerland in 2018, Minima successfully secured $6.5 million during a Series A funding round from several notable backers, including GSR, SMO Capital, and Vinny Lingham. October 2021 Minima is collaborating with global firms to devise solutions for digital identity management, tokenization, messaging, and payments across sectors like automotive, media, and IoT. This alliance between WeTransfer and Minima stems from a shared commitment to fostering innovation and creativity while upholding privacy standards.

Hugo Feiler, Minima's CEO, expressed in a press release that this partnership will delve into the practical applications of NFT technology, which captures interest not just within the crypto arena, but is also pivotal for showcasing the broader adoption potential of this groundbreaking digital tool.

WeTransfer is joining other major web2 enterprises in the NFT sphere, with sources indicating that Amazon is planning to launch an NFT initiative in the spring. In June 2022, eBay also made headlines with its own NFT endeavors, exploring avenues to expand its web3 team. launching Please be aware that the information shared on this page should not be perceived as legal, tax, investment, financial, or any other kind of advice. It’s essential to invest only what you can afford to lose and to seek independent financial guidance if you have uncertainties. For additional details, it’s recommended to refer to the terms and conditions as well as the help and support resources provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but market conditions may change without prior notice. acquired NFT marketplace Cindy contributes as a journalist at Metaverse Post, focusing her reporting on web3, NFT, metaverse, and AI topics, especially through interviews with notable figures in the Web3 landscape. With over 30 C-level interviews under her belt, she provides readers with unique insights. Originally hailing from Singapore, Cindy now resides in Tbilisi, Georgia, and holds a degree in Communications & Media Studies from the University of South Australia, boasting a decade of experience in journalism and writing. LinkedIn job ads She handles press inquiries, announcements, and interview requests.