Digital file-sharing service WeTransfer and Layer 1 blockchain platform Minima have partnered to introduce non-fungible tokens (NFTs) to the network. This will allow users to create NFTs from their smartphones through a secure peer-to-peer network, enabling the direct transfer of an NFT from one person to another without the need for intermediaries.
Individuals who utilize the open-source Minima cooperative will be able to produce their assets to share on the network and will be able to get royalties, which are repaid to authors upon the sale or resale of an NFT.
Additionally, users will also have control over the tools they use to monetize these NFTs, as well as how and with whom they exchange their digital assets.
Designed specifically for mobile use, Minima claims that its ultra-lean protocol will let users operate a complete construction and validation node, resulting in what they believe will be a completely decentralized network.
By using the Minima token as its native currency, the blockchain enables direct transfers between users without the need for a middleman. The two firms will implement NFTs on Minima’s network through this new partnership.
To start a node, Minima users only need to download the blockchain app and allow it to run in the background. Regarding NFT transactions that will be performed due to the partnership, Minima Coin, the blockchain’s native token, may potentially serve as the preferred payment option.
Hugo Feiler, CEO of Minima, described how this partnership would examine the real-world applications of NFT technology, a topic of interest outside the crypto sector. It will also serve as a test case to demonstrate how this cutting-edge digital tool might be more widely adopted in the future.
The platform, which is currently in the testnet phase and will be available in 180 countries in March, will enable blockchain-based operations on cloud storage in collaboration with other hosting providers such as Google and AWS.
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