More than ever, we need more hands to build the new iteration of the Internet, web3, to supply deeply relevant utilities from DeData to fungible & non-fungible tokens. We are excited to announce our partnership with Ternoa — a substrate-based blockchain dedicated to utility NFTs.
The partnership aims to explore the possibilities of dynamic NFTs from a synergy of data exchange between the Kylin Network parachain and the anticipated Ternoa parachain on Polkadot.
Kylin Network & Ternoa will collaborate as such;
- Collaborate to prepare Kylin Network for Ternoa chain composability/compatibility in anticipation of its onboarding and provide access to valuable datasets for its development.
- Support the Ternoa chain’s onboarding process to expand the DOTSAMA ecosystem further.
- Establish a symbiotic data exchange relationship across the DOTSAMA ecosystem.
- Provide the data infrastructure to power Ternoa’s customized NFTs.
This is an excellent partnership for Kylin Network as Ternoa will provide brilliant and easily adoptable tools to bring dynamic NFTs into the mainstream light. Dylan Dewdney, Kylin Network’s Strategic Lead, had this to say,
“ We are happy to work with the team at Ternoa to collaborate on NFT data scripting and utility parameters that will be useful in designing robust data access. Their vision is truly fascinating by bringing actual value, utility, and ownership to NFTs.
Kylin Network aims to build a cross-chain platform powering the DeData Economy on Polkadot. At the same time, Ternoa takes it to another level on the NFT front as it creates an enabling environment to build secure and scalable utilities for NFTs.”
Worthy of note, Ternoa is built to allow anyone to get on and build, as it is designed to be open and permissionless. Builders can already find a quick guide to building on Ternoa here. $CAPS is the native token of Ternoa and is used to access dApps on Ternoa, validate, and secure the network.
To conclude, NFTs have brought web3 technologies to mainstream attention even more than cryptocurrencies. The time is ripe to bring NFTs to another level with dynamic metadata and data streams. This collaboration gets exciting when we consider what will be possible with NFTs soon.
To build the DeData economy,
About Kylin Network
Kylin Network strives to be a composable and configurable multi-level oracle infrastructure built as a Polkadot parachain, for the democratization and delivery of accurate data on time, at a reliably low cost. Kylin hopes to offer a way for chain-agnostic APIs to serve data according to service level agreements (SLA) that the consumers of this data will be aware of.
Data source compatibility beyond price feeds will bootstrap a free data market. This will allow market demand to determine the direction of the innovation of a feed, its price, and supply. With dynamic NFTs & SFTs, Kylin’s ongoing development will innovatively tokenize data streams that democratically will be accepted on the Kylin Network.
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Learn more about Ternoa
Litepaper >> https://litepaper.ternoa.network/
About Capsule Corp. Labs
Capsule Corp. Labs is the main developer on Ternoa blockchain. The labs fosters the development of new dapps and use cases on Ternoa chain and work with large corporate accounts and web3 startups to facilitate their integration on Ternoa. Capsule Corp. belongs to Ternoa’s ecosystem and is led by Clément TEQUI, CEO and co-founder of Ternoa. More information about the Labs can be found here.
Capsule whitepaper >> https://github.com/capsule-corp-ternoa/white-paper/blob/main/white-paper-en.md