Among the absolute most exciting blockchain projects of the moment is Ternoa web3. Their mission is to produce a decentralized, secure, and fast network. The team behind the project is spending so much time to ensure this will become a reality, and they are not slowing down anytime soon. The platform offers a number of features, including Alpha SecretNFT Marketplace, Time capsules, and a small business model that rewards users with game tokens.
Time capsules
Using the Ternoa web3 blockchain platform, users can store and send digital memories and other important data in the shape of time capsules. These time capsules are stored in a decentralized and secure system, guaranteeing integrity and confidentiality. This makes them an ideal way to preserve valuable memories.
A group of experts have been taking care of this project for the past two years. They have been building a user-friendly app that may allow users to create and send time capsules.
The application is likely to be released within the next several months, and it’ll offer users a wide range of functionalities. It enables them to store and send their data, and even manage the CAPS tokens.
Ternoa is built on the Polkadot protocol, allowing Ternoa to speak with other blockchains. It can be open source, allowing developers to customize the protocol.
Alpha SecretNFT Marketplace
Having just launched the alpha version of the SecretNFT Marketplace, Ternoa has too much to offer artists. The platform has a number of features that may enable artists to issue authenticated digital artworks. It even offers an impressive staking function that may allow Cap token owners to generate passive income. The market remains in an experimental phase, nonetheless it is going to be available to people in the future.
Designed as a data storage and transmission blockchain, Ternoa uses multi party cryptography and SGX secure enclaves. Its CAPS token is used to buy storage capacity and masternode validator costs. The chain is moving towards the testnet stage, but won’t be fully ready for the general public until October 2021.
The team behind Ternoa have already partnered with a number of artists from around the world to develop a catalogue of NFTs. The project has also secured the backing of some important investment funds. These include Master Ventures, LVT Capital, and Waterdrip Capital.
Fast, reliable, and secure
Powered by the Polkadot protocol, Ternoa can be an open-source, decentralized, transmission blockchain. It offers a safe, fast, reliable, and secure storage system for data. It can be utilized by companies, governments, and the overall public. It can be compatible with existing web infrastructure.
Ternoa provides developers with an entire technological stack, including an SDK, helpers, fungible assets, and balance pallet. It allows users to query chain storage, run transactions, and handle fungible assets. Its smart contract enables decentralized storage of data and consultation of stored data. Its Consent Protocol ensures content access agreements.
Ternoa has an alpha version of its Wallet app for iOS and Android users. Its alpha release was in early July. It has over 25k downloads in less than a month. It has a residential district of 5,900 members on Telegram and 6,800 followers on Twitter.
Rewards users with game tokens
Using Ternoa, you are able to send data and digital memories to your loved ones without worry of security. You will have a way to store a copy of your original data on Ternoa’s network, which will be encrypted with a cryptographic algorithm.
An integral feature of Ternoa’s Blockchain is that it’s on the basis of the Polkadot protocol, which links multiple specialized blockchains. This allows Ternoa to change data and speak with other decentralized ecosystems. The project has also received support from a number of key opinion leaders.
The company is rolling out a wallet app to assist you manage your CAPS tokens. The app is available for iOS and may be downloaded from the App Store. The wallet also automatically earns rewards for every project listed on it. You should use the app to discover more about the Ternoa universe and its use cases. You may also connect with the city on Telegram.
Business model
Creating a small business model on the Ternoa web3 blockchain is not an easy task. The team behind this initiative is trying to find skilled developers who will build an innovative solution. The team will provide the selected applicants with a grant of 6,000 USD and gives them 30 days to develop their project. The selected applicants will likely then pitch their projects to the public. They will be chosen based on their projects specifications. The winner of the round will receive $150 thousand.
The initiative has received support from key investment funds. Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has pledged to advertise the UAE’s global leadership in the digital economy. He expects the initiative to improve the UAE’s economy by four billion dollars.
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