Smart Layer: Redefining Token Economy, Creating a New Paradigm for Programmable Assets

With the continuous development of Web3 technology, the concept of Token is undergoing a significant transformation. Traditionally, Token has been mainly viewed as a tool with asset attributes. However, the emergence of Smart Layer has endowed Token with a new dimension of "functional service", transforming it into a "programmable asset" and bringing more possibilities to the Web3 ecosystem.

Smart Layer enhances the scalability of assets by transforming tokens from simple assets into functional tokens, while also opening up new development paths in areas such as Web3 gaming and loyalty programs. In Smart Layer, users have complete control and usage rights over "smart tokens," which allow them to access various third-party services.

Currently, Smart Layer is conducting a points airdrop program, where participants have the chance to receive airdrop rewards in SLN Token. So far, over 1 million unique wallet addresses have participated in the event, with more than 16.4 million on-chain transactions. Users can earn points by completing various tasks, such as joining the Discord community, following official social media accounts, and more.

One of the notable tasks is to hold and interact with the NFT series "Smart Cats" and "SmartCat Loot". These NFTs are not only digital collectibles but also a practice of Programmability. Users can interact directly with Smart Cats in their wallets, such as feeding, cleaning, and inviting other Smart Cats to play, without having to jump to a third-party website. This interaction not only earns points but also demonstrates the potential of smart Tokens as in-game items connecting users and project parties.

The core technology of Smart Layer is based on the TokenScript concept and the ERC-5169 standard. TokenScript is a programming interface designed for tokenization, allowing token issuers to add more information and rules to the token, breaking through the limitations of smart contracts. The ERC-5169 standard adds the scriptURI function to the token contract, enabling the token to carry its own logic and behavior, greatly enhancing interactivity.

This combination of technologies makes Smart Layer a bridge connecting the blockchain world and traditional network services. It provides Token issuers with support for creating and managing Programmable smart Tokens, while simplifying the tokenization process of traditional network services. Smart Layer redefines Token economics, making Tokens not just a circulating asset, but a comprehensive tool that can drive ecosystem development through the integration of rights, functions, and systems.

Smart Layer has attracted cooperation from several traditional Web2 companies. Through TokenScript, digital assets will have their own Token front-end, providing users with a richer interactive experience. The project has raised $12 million in funding over the past two years, supported by several well-known investment institutions.

Despite its short time since launch, Smart Layer has shown tremendous development potential. Smart Cats attracted over 300,000 independent active wallets in just 60 days, becoming one of the most popular games in the Polygon ecosystem. The beta version of the Smart Layer Launchpad, launched earlier this year, received over 1,000 developer applications in just 10 days, reflecting the strong interest of the developer community in this technology.

With the arrival of a new bull market, the new asset paradigm of "Programmable Assets" is expected to bring richer narrative space and application scenarios to Web3. The development of Smart Layer will be a focal point worth paying attention to, as it may reshape our understanding and usage of digital assets, injecting new vitality into the future development of the Web3 ecosystem.