WeTransfer enters the NFT industry via Minima Partnership: Report

WeTransfer, a freemium model file sharing platform, has moved towards the Web3 with a recently announced partnership with Minima that will allow users to create and send NFTs from their phones.

Creativity and privacy

According to Damian Bradfield, Chief Creative Officer at WeTransfer, the decision to partner with Minima came about because of a closely aligned vision and target market.

“WeTransfer is thrilled to be working with Minima, whose vision strongly aligns with ours to seamlessly connect people and facilitate innovation and creativity without sacrificing privacy.”

WeTransfer, which allows large files to be downloaded without requiring you to create an account to receive the files being sent, actually has an infrastructure that should enable relatively easy integration with the privacy offered to blockchain users who benefit from it.

Launching soon

The other half of the partnership, Minima, is a group of developers who have produced a barebones Layer-1 blockchain intended to run exclusively on mobile devices.

To run a node, a Minima user just needs to download the blockchain’s app and let it run in the background. Minima Coin, the blockchain’s proprietary token, can be the payment method of your choice for NFT transactions that will be executed due to the partnership.

According to Hugo Feiler, CEO of Minima, the collaboration will enable his project to gain a foothold in the digital art industry from the start, attracting NFT artists who will be able to collect royalties on digital artworks sold through Minima for as long as they wish.

“We as a partnership look forward to supporting the development and acceleration of creativity in the digital age where individuals retain ownership and control of their work. This partnership will explore the practical use of NFT technology, which will not only interest the crypto industry, but will become a test case to demonstrate the potential for wider use of this innovative digital tool.”

The Minima blockchain – and presumably the NFT feature co-developed with WeTransfer – will launch later this month. The app, which allows users to run their own Minima node, will be available for download in over 180 countries, along with other hosting providers such as Google and AWS to enable blockchain-based operations on cloud storage.