As the Web3 world combines various AI applications + RWA assets to become richer and more diverse, traditional Token attributes can no longer meet the current changing and complex Web3 usage scenarios. How to embed codes in Tokens and NFTs to achieve programmability will become a new paradigm for future asset forms. SmartLayer, as an infrastructure middleware, is paving the way for this.

SmartLayer is a Web3 middleware that uses the ERC-5169 standard and TokenScript technology to create a new type of asset, providing Smart Tokens to individual and corporate customers, and providing solutions for integration, privacy, and reliability in today's digital environment. The platform introduces a new integration layer that can execute token logic without a complex verification process. This opens new doors for unlimited expansion and development in the blockchain field.

The mainstream token market divides them into Fungible Token (FT) and Non-fungible Token (NFT). Token not only connects blockchain, smart contracts, user agents and services, but also has more possibilities. Smart Layer proposes the concept of "Smart Tokens", a token-centric application architecture that can be programmed on the blockchain network to create and use executable tokens and executable NFTs.

Smart Tokens Advantages:

① Smart Tokens carry complete information and will be richer and more valuable. For example, in the future, NFTs like Bored Ape will be accompanied by PassCard attributes, game experience, or a celebrity owner.

②Smart Tokens are more combinable and more convenient to be called by other systems. In the future, we may see the perfect integration of AI and GameFi in the field of Token assets, realizing the customization of game scenes and thousands of faces for thousands of people.

③Smart Tokens’ programmable objects add on-chain and off-chain functions, making them more functional. In the circulation of RWA assets and the splitting of interest-bearing assets, it brings more possibilities for financial value.

Smart Layer consists of three core components:
• Blockchain: Provides smart contracts, enforces token transaction rules, and maintains committed snapshots of token operations for subsequent verification.
•Anchor nodes: operated by well-known organizations selected by the DAO, responsible for maintaining the stability, security and service level objectives of the network.
•Service Node: The node network distributes service work through a distributed hash table and provides TokenAPI to enable various integrations.

actual case:

1. Tokenization of Airbnb reservations. When a user books a rental on Airbnb, he or she will receive a Smart Token, which is valid for the same period as the rental period and can be used to unlock the house password lock and a series of other functions, such as adjusting the temperature and controlling the lights. When the owner and the rental user need identity verification, they can use the DID Smart Token for identity verification to avoid privacy leakage.


2. For example, RWA real estate tokenization. After purchasing an RWA property, the user obtains an Executable NFT asset. This Smart NFT can split the ownership and use rights, and send the leased use rights to the Web3 leasing platform. The smart contract automatically matches the tenants and signs the smart contract. The stable currency rent is received on time and on schedule, and the ownership token is used to authorize the lease duration and door lock password. In case of breach of contract, the smart contract is automatically triggered.

Recent Project AI Cooperation Cases

Smart Layer provides dynamic integration and data authorization between AI and Web3, providing a more dynamic, secure and decentralized way for AI to access and interact with the network. The Smart Layer protocol is a decentralized node network that provides the infrastructure for dynamically and securely integrating the countless functions of the network. Smart Layer AI tools will help AI.

RWA asset examples:

The benefits of asset tokenization are that it can create all kinds of real-world asset tokens, achieve global circulation, and simplify and promote interactions between financial systems. However, due to the multi-scenario + complexity + regional compliance of RWA, the traditional Token model is no longer applicable. Asset programming has brought rigid demand, and by creating Smart Token, it will achieve a level of integration and interaction that goes beyond the concept of securitized finance.

Hot App: SmartCats


Smart Cats, the first Executable NFT asset issued by Smart Layer on Polygon, topped the Polygon game and DApp rankings in just 60 days. According to statistics, Smart Cats has more than 5 million game transactions and attracted 300,000 active wallets.
Users can directly interact with the game in NFT without the need for a third-party website, including feeding, cleaning the cat bed, finding playmates and chatting, etc.

Partner:

Smart Layer has successfully launched the Loyalty+ program through close cooperation with InsomniaLabs, which aims to strengthen the loyalty connection between brands and users through public chain technology. The project already has more than 50 partners, including Polygon, Layerzero, Alchemy, Tencent and other companies and projects, proving its wide application potential in the industry.


team:
Victor Zhang is the co-founder and CEO of Smart Token Labs, project leader of AlchemyNFT (TokenScript), and co-founder and CEO of AlphaWallet.

Zhang Weiwu is the co-founder and CTO of Smart Token Labs and previously served as a blockchain architect at the Commonwealth Bank of Australia.

Financing:
In July 2021, it received US$6 million in financing from investment institutions such as Mark Cuban, Crypto.com, Framework Ventures and Mechanism Capital.

In September 2022, led by Liang Xinjun, co-founder of Fosun International, and with participation from investors such as HashGlobal and Fenbushi Capital, the company received US$6 million in secondary financing at a valuation four times that of the previous round.

Summarize
Smart Layer has a solid technical route and a strong team and financing background. Whether it is the core technology of the product ERC-5169 and Smart Layer Network, or the Alpha Wallet and TokenScript Viewer on the user interaction side, in addition to the recent combination of the graph coin concept ERC404 and Smart Layer, it fully demonstrates the project's update and iteration strength and frequent nose acumen. Worth looking forward to!