NFT Type
NFTs are digital assets representing ownership of a one-of-a-kind item or piece of content, ranging from art to video game items or credentials. At Ternoa, we currently support: Basic NFTs, Secret NFTs, and soon Capsule NFTs.
Learn how to create your own with our Developer Guides.
Basic NFT
Basic NFTs are digital assets on the blockchain that represent ownership of a digital or physical asset, with associated metadata stored on-chain and off-chain. They can be minted, transferred, listed, sold, auctioned, burned and can have royalties associated with them. Basic NFTs involve storing the media file on a decentralized storage network and storing off-chain metadata in IPFS.
Use cases for Basic NFTs include: digital artwork, music, video clips, memes, avatars, video games, trading cards, metaverse land, virtual fashion, text-based NFTs, ticket & membership NFTs, and real-world assets.
Ternoa Network supports the creation and trading of Basic NFTs. If a Basic NFT includes royalties, Ternoa facilitates the automatic payment of royalties on each sale through embedding it in the minting process, ensuring that creators receive payment for each sale of their NFT.
Capsules
In an era where digital data is highly susceptible to hacking and breaches, preserving and protecting private data and memories have become paramount. Addressing this need is Ternoa's innovative solution, Capsules. These are a novel form of NFTs that offer unlimited storage capacity and automated transfer services, aiming to redefine how we store and transmit data. Unlike conventional storage methods, Capsules use decentralized technology, which allows for secure data storage and transmission by dispersing it across multiple locations, thus mitigating the risk of hacking or data tampering. Capsules facilitate data sharing at predetermined times or events, providing a streamlined and secure means of data transfer.
To assure privacy with Capsules, data is stored in a decentralized manner using IPFS protocol. Capsules can hold multiple media files and allow for off-chain data to be altered or updated even after they have been minted, which provides users with the flexibility to modify, remove, or add new files as needed. The media is encrypted using PGP keys, and the private key is divided into shares using Shamir's Secret Sharing algorithm. Each share is securely stored in an enclave using TEE technology, accessible only to the current owner. Capsules use advanced security measures to safeguard the data they store, such as partitioning the encryption key and securely storing it in enclaves.
Capsules offer a revolutionary approach to data storage and transfer, providing a secure and verifiable solution to protect information across multiple industries, from medical records and supply chain management to education and real estate. They ensure transparency and accountability in the transfer of essential data. In the art world, they help safeguard the authenticity of artworks, and in real estate, they streamline the storage and transfer of property titles and deeds. Significantly, Capsules serve as a unique medium for preserving personal legacies and memories for future generations. By securely storing personal data, photos, and videos, they ensure these memories can be passed down and cherished in the years to come. Capsules allow families to create digital time capsules of memories, triggered for sharing at significant milestones, offering a way to control personal data, protect privacy, and preserve memories across generations.
Secret NFT
Secret NFTs give creators the ability to add private data in their NFTs, including images, videos, audio, or documents. Secret NFTs can be transferred peer-to-peer or traded in marketplaces. There are infinite ways in which secret NFTs can be utilized and transform how we store our private data. Now let's go into more technical detail on how we ensure privacy with Secret NFTs. Secret NFTs are an addition to the Basic NFTs; the secret data is stored in a decentralized manner using IPFS protocol. The secret consists of a media that is encrypted using generated PGP keys. After encrypting the media, the PGP private key is split into shares using Shamir's Secret Sharing algorithm. Each share is securely stored in an enclave using the TEE technology, where individuals or centralized entities other than the current owner of the Secret NFT cannot access them.
To view a secret, the NFT owner will request the shares for each enclave. The request consists of the NFT id and a signed message. Once the NFT ownership is verified, the TEE enclaves will return the shares. The PGP Private Key can be reconstructed with the shares, and the secret media is decrypted.
Secret NFTs can revolutionize several industries by providing an extra layer of privacy to creators and collectors. They can be used to store and transfer exclusive content, such as music tracks, backstage photos, and gaming items, and ensure that the content is only accessible to verified fans or collectors. Secret NFTs also enable creators to hide their NFT content, protecting their work from unauthorized duplication or hacking. Ternoa has developed Secret NFTs to address the need for additional privacy on data and creations, and this innovation will give control back to NFT owners and creators.