Can Ternoa (CAPS) make money from an NFT-Centric Blockchain?

They call Ternoa (CAPS) the first NFT-Centric blockchain and NFT-dedicated blockchain.  

For example, Ternoa makes nonfungible tokens (NFTs) into containers for the storage of art and intellectual property.. They claim owners can access NFT content through Ternoa’s blockchain. Moreover, users can merge and divide NFTs in Ternoa’s blockchain.

An NFT-Dedicated Blockchain

Plus, they claim, Ternoa’s blockchain allows multiple ownership of NFTs. Similarly, Ternoa lets owners share NFTs features without transferring ownership. They claim this feature allows users to use NFTs as collateral for lending.

Ternoa offers advanced transnational features that users auction as NFTs. Users can also charge and collect royalties on NFTs using Ternoa.

Finally, Ternoa can mirror or copy NFTs minted on other blockchains. For example, they claim Ternoa can mirror Ethereum based ERC-721 NFTs. To explain, ERC-721 is Ethereum’s nonfungible token (NFT) standard.

How Ternoa (CAPS) works

Ternoa (CAPS) claims to build native utility tokens that do not require smart contracts or complex programming. Instead, developers can build Ternoa NFTs with high-level languages such as Javascript.

Ternoa offers an ecosystem of NFT-based decentralized apps (dApps). Users can access the Ternoa ecosystem through a software development kit (SDK). They claim the SDK works with the most popular high-level languages. Plus, they claim Ternoa’s SDK can tap into the world’s largest pool of developers.

Validators and nominators support Ternoa’s ecosystem. This ecosystem uses CAPS rewards to pay validators, nominators, and secret Nodes.

The Ternoa dApps

They claim Ternoa’s ecosystem supports art, music, gaming, metaverse, and Web3 application dApps. Ternoa dApps include the Secret Stash Ternoa NFT marketplace, the Green Changers Club which shares technologies for personal development, biohacking, and mental preparation. MafiaFoot is a football tycoon manager game.

Time Engine is a social transaction engineering tool that uses gamified missions and rewards participants with NFTs, Time Capsule App, 20Mint is a magazine devoted to Web3, Tap Nation publishes games worldwide, The OrbWars is a play-and-earn game built on the Ternoa blockchain. Ternoa Explorer is a real-time consulting tool for transactions on the Ternoa blockchain. Eric Kayser creates tomorrow’s NFT supply chain on the Ternoa blockchain.

What Value can Ternoa (CAPS) obtain?

The NFT market offers growing value. For example, Statista estimates global NFT market revenues will grow by 22.82% between 2023 and 2028.

Global NFT revenues were $3.546 billion in 2023, Statista estimates. NFT revenues could grow to $8.068 billion in 2027. Average NFT revenue per user was $70.46 in 2023. Statista projects 64.45 million people will use NFTs in 2027.

In contrast, Verified Market Research estimates the global NFT market could grow to $231 billion in 2030, Cointelegraph reports. In contrast, the global NFT market was worth $11.3 billion in 2021.

Hence, Ternoa (CAPS) works in a segment that could grow to $231 billion by 2030. However, that value is theoretical.

What Value does Ternoa (CAPS) offer?

Mr. Market thinks Ternoa (CAPS) offers some value. It was CoinMarketCap’s 24th most-trending cryptocurrency on 4 March 2023.

In contrast, CoinMarketCap ranked Ternoa 507th and gave it a 4.911₵ Coin Price on 7 March 2023. CoinMarketCap gave Ternoa a $31.996 million Market Cap, a $122.766 million Fully Diluted Market Cap, a $1.67 million 24-Hour Market Cap, a $1.179 million Centralized Exchange (CEX) Volume, and a $488,204 Decentralized Exchange (DEX) Volume on 7 March 2023. They base those numbers on a Circulating Supply of 651.976 million CAPS and a Total Supply of 2.5 billion CAPS.

Meanwhile, CoinGecko gave Ternoa (CAPS) a 49.73₵ Coin Price and ranked it 457th on 7 March 2023. CoinGecko gave CAPS a $48.615 million Market Cap, a $2.158 million 24-Hour Trading Volume, and a $123.985 Fully Diluted Valuation on 7 March 2023. They base those numbers on a 980.261 million CAPS Circulating Supply, and a 2.5 billion CAPS Maximum Supply.

I think Ternoa (CAPS) offers some potential value because of NFTs’ popularity. However, it will take several years to achieve that popularity. Until then, I think speculators need to be skeptical of Ternoa.