A Digital Time Capsule - As soon as you decide on the name, setup a personal email for your baby and share with your wife. Create a contact in your phone for your kid. Both of you can email and share pictures and video clips of their milestones, the current memes and news articles you find important, small nuggets of wisdom as you come across them, and anything else you would have liked to know about your parents when they were young and you were a baby.
As they grow older, this becomes a timeless birthday gift, you can give them the keys (email credentials) to this vault of memories that are perfectly chronologically captured. The modern day cassette and VHS tapes are now YouTube, Spotify and reddit links. The photo albums and family videos are emailed photos attachments with a caption as the subject, captured and recorded in pristine condition. This is the digital age time capsule.