WeTransfer, a well-known digital asset exchange service, and Minima, a decentralized peer-to-peer project, have reached an agreement to work together to create a service to integrate NFTs into the network.
The virtual file sharing platform WeTransferhas entered into a strategic alliance with Minima, a decentralized peer-to-peer project. The two companies will work together to implement NFTs in WeTransfer’s system and enable users to create, share and trade digital assets in the form of non-fungible tokens from any smartphone without the need to go through other tools.
For its part, Minimais a layer 1 ledger created for mobile devices and a peer-to-peer system. This project has the mission to operate and verify nodes to make it 100% a decentralized tool.
In addition, Minima has its own native tokenwhich allows peer-to-peer exchanges between users without any third party involved.
The Minima system is currently in the test network phase and is expected to be officially online in more than 180 countries by March.
The two companies teamed up to bring a new NFT solution and allow customers to generate non-fungible tokens from the comfort of their cell phones (or any other device). Also, they will be able to share their digital assets and access different tools to monetize those NFTs.
Hugo FeilerCEO of Minima, commented on this new alliance with WeTransfer and said that this partnership is an important milestone for both companies, as it will further popularize the NFT industry.
He also added that this new service will not be made only for those interested in cryptography, but will be a use case to demonstrate the adoption and potential of this innovative digital tool that every day is known by more people in the world.
WeTransfer is one of the world’s most popular digital file sharing services and currently has around 90 million active users on one platform.
In the last report, the file sharing company confirmed that it had revenues of 100 million euros. Consequently, we may be facing one of the most important alliances in the world of NFTs, as this combination of technologies between WeTransfer and Minima will further popularize the non-fungible token ecosystem.
This Internet-based file transfer service company is based in Amsterdam, the Netherlands, and was founded by Gordon Willoghby in 2009.
In addition, WeTransfer acquired companies such as Fifty-Three – one of the most popular iPad apps – and Present Plus (a subscription-based streaming service) that are primarily funded by venture capital firms Highland Europe and HPE Growth.
WeTransfer has interesting features with respect to some security mechanisms, since it uses TLS cryptography for transmitting documents. It also works with the 256-bit Advanced Encryption Standard, which is used for documents stored on WeTransfer servers.
Finally, it uses two-factor verification for enrolled account holders and users can also encrypt any data using “WeTransfer Premium”.
Minima blockchainhas several powerful and well-known investors in the Web3 industry such as AGE Crypto Investment Fund, GSR, DEX Ventures and Blockchange Ventures.
It also has other partnerships beyond WeTransfer, as it is collaborating with MobiltyXlab, which offers services to start-ups with the aim of innovating in mobility and connectivity to accelerate their developments.
On the other hand, Minima works under three fundamental pillars for the efficient operation of its project, which are:
ScalabilityMinima has a scalable mobile native framework, designed with the mission of empowering people.
VolumeThis feature is essential to enable decentralization, since it has a large volume of nodes distributed throughout the network.
MobileMobile: works especially for one device and these are smartphones.
This partnership between WeTransfer and Minima points the way to where Web2 companies are going, as many are beginning to work on expanding their services to the blockchain industry.
Hopefully, with proper utilization of this technology, and the positive accompaniment of other software tools such as 5G and 6G, graphics rendering or library, machine learning, etc., the technological giants that are specially created in Web2 can begin to offer a range of possibilities for a fully immersive advancement for users.
Today, Web3 technology is growing by leaps and bounds, and at the same time, it is forcing more Web2 companies to revolutionize their working models to offer products with Web3-enabled tools such as blockchain, NFTs, metaverse, DeFi and more.
Finally, we can only wait to see how this alliance between the two companies can become a driving force behind the integration of non-fungible tokens, as it will make the process of creating, trading and sharing digital assets faster and easier as a traditional bank transfer.
Written by Rodrigo Catalan (TW: @RodrigoCatalanB) for NFT Express.