NFTize Your Memories On The Elrond Network With Blockchain Time Capsules From Ternoa
We are happy to announce a collaboration with Ternoa, a blockchain-based solution for preserving memories and other digitizable events or data.
Developed by Capsules Corp., the project is looking to offer an easy and secure manner for anyone to capture important moments or information in the form of time capsules. In effect, these are NFTs with attached media such as images, video, sound, or text that are stored on decentralized file systems. The NFT time capsules can then be programmed to be sent to others at a specific point in time.
Through our collaboration, time capsules minted on Ternoa can be configured with Elrond Network destinations, with the NFTs to be sent over a bridge when the time comes.
“The permanent and immutable nature of blockchain technology will allow humanity to remember history’s lessons more accurately and draw on them better. We are happy to have Elrond accounts as recipients of the innovative Ternoa time capsules.” said Beniamin Mincu, Elrond Network CEO.
“The Elrond community is one of the most vibrant and active in the entire crypto space. We’re excited to engage with it and create the opportunity for its members to receive memories encapsulated on the Ternoa platform directly into their Maiar wallets.” said Mickael Canu, Ternoa CEO.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Ternoa is the first blockchain dedicated to the transmission of data via NFT using Polkadot’s Substrate technology. Its objectives are to democratize the blockchain and allow the general public to transmit their memories from generation to generation.