Over the past few decades, the evolution and transformation of technology have driven the development of the world. The network has gradually iterated from Web1 to Web3, initially presenting content in a static form, and then introducing social and interactive features. Now, it has added the feature of "ownership" on top of the previous foundation.

Looking back at history, it is easy to mistakenly believe that technology and industry development follow a linear upward trend. In reality, a spiral upward trend is the norm, and different needs in different periods will give birth to different solutions to adapt to the present. And history has amazing similarities, with different periods reflecting each other at the same stage.

Even compared to Web3 today, the openness of the golden age of Web2 is still impressive.

So in today's market environment, what other features of Web3 are in high demand but have not yet been explored by the market?

Web3 Entropy Increase

During the early release of the Bitcoin whitepaper, blockchain technology was still in its infancy. Even if someone wanted to create their own blockchain project, they faced enormous technical difficulties and market uncertainties, with little chance of success. Even with innovative mechanisms such as smart contracts, it was difficult to change this situation.

By 2015, discussions and awareness of blockchain had become more widespread. Vitalik launched Ethereum, which, combined with smart contract narratives, led to subsequent success.

In 1999, Marc Andreessen and Ben Horowitz, who later founded the well-known venture capital firm A16Z, created the cloud computing company Loudcloud. However, at that time, cloud computing was far from being accepted by the market, and Loudcloud had to be sold to avoid bankruptcy. Many years later, cloud computing has become a major source of revenue for many internet companies.

Web3 user numbers are surging. To reduce costs and barriers to entry, scaling technologies are constantly iterating, and L2 solutions are increasing. Various application-specific chains are also emerging. Subsequently, major teams are attempting to reduce costs to cope with fierce L2 competition, leading to the emergence of modular solutions. Focusing on the protocol and contract layers is clearly in line with the current environmental background and demand, but it also leads to an increase in entropy in the Web3 system.

Increasing the entropy of digital assets to reduce the overall system entropy

Digital asset Token is the core feature of Web3 and the biggest difference between it and other fields.

In the past decade, the narrative of Token has undergone a transformation from investment, speculation to collection. Currently, the mainstream market divides it 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 Token Labs has proposed the concept of "Smart Tokens", which is a token-centric application architecture that can create and use executable tokens and executable NFTs on the blockchain network.

Smart Tokens build a digital asset layer through TokenScript, a JavaScript/XML framework that can be used for tokens. This allows token issuers and other trusted institutions to provide rich information, rules, and functionality for tokens. In other words, through TokenScript, digital assets will have their own token front-end. This means that Smart Tokens help shape the digital asset layer into a form similar to HTML, thus triggering the Tokenization revolution.

In addition, TokenScript core developers have also proposed ERC-5169. ERC-5169 adds the scriptURI function to Token contracts, which is used to locate executable scripts related to tokens. This allows tokens to carry their own logic and behavior, transforming them from static digital assets to dynamic entities.

TokenScript and the combination with ERC-5169 make Smart Tokens a new digital primitive.

Smart Tokens will have complete asset information and functionality without the need for other third-party websites or applications. At the same time, it will also be added as a "programmable object" to various on-chain or off-chain functions. With these advantages, Smart Tokens can be considered as mini DApps themselves, which can be integrated and called by other systems, with strong composability and integration. When the future blockchain's hosting capacity exceeds certain limitations, each Smart Token may become an independent DApp.

TokenScript is the frontend of Smart Tokens, while Smart Layer Network, together with various EVM blockchains, forms the backend of Smart Tokens. Smart Layer Network is a blockchain-based programmable service network that provides interfaces for Smart Tokens, allowing Token code to be executed in a digital environment, while also managing Token accounting, issuance, revocation, or expiration operations.

The current Web3 system is experiencing entropy increase, such as information over-inflation, chaos, and redundancy, which reduces the efficiency and value of the entire system. Smart Token Labs provides a series of infrastructure environments that allow developers and brands to easily build and use applications based on "digital asset tokens", bringing composability and intelligence to digital assets, and improving their utility and value. The Smart Layer Network reduces the entropy of the entire Web3 system, capturing the value of the asset layer and creating a new paradigm based on "digital asset tokens", which will be a bottom-up revolution.

If This Then That

The wind rises from the end of the green duckweed. Smart Cats, the first Executable NFT (xNFT) asset issued by Smart Layer on Polygon, took only 60 days to top the list of Polygon games and DApps. According to statistics, Smart Cats has already had more than 5 million game transactions and attracted 300,000 active wallets.

Smart Cats is popular in the community because of its unique underlying mechanism. Smart Cats is based on TokenScript and ERC-5169 issuance, and is not only a collectible, but also a game. Users can interact with Smart Cats, earn points, and unlock community rewards. Moreover, users do not need to access other websites or download additional DApps when interacting, as all operations can be completed within the wallet.

Smart Cats is actually an attempt by Smart Layer to showcase its technical capabilities to developers and users. The most impressive aspect of it is the "seamless" experience for users. Users can experience a range of functions simply by using the wallet, without the need for other tools or steps, or the need to understand the technical details behind it.

The application scenarios of Smart Tokens mapped from Smart Cats are diverse, including DeFi, brand membership programs, games, and even recent hot areas such as RWA (Real World Assets).

Smart Layer also describes numerous use cases for Smart Tokens in the whitepaper, such as tokenizing Airbnb bookings. When a user books a rental property on Airbnb, they will receive a Smart Token that is valid for the duration of the rental period. This Smart Token can be used to unlock the property's password lock and access a range of other features, such as temperature control and lighting control. When property owners and renters need to verify their identities, they can use DID Smart Tokens for identity verification to avoid privacy breaches.

In addition, if transportation can also be tokenized, then when there is a delay or cancellation, it will trigger the transportation Smart Token to send a notification to the Airbnb Smart Token, thereby automatically triggering the corresponding refund or rebooking process, improving user convenience and satisfaction.

By then, different products' Smart Tokens can be combined and stacked like Lego, resulting in more incredible compound effects based on information aggregation and mutual inspiration. Through the combination effect of Smart Tokens, one can create their own Web3 world, achieve personal goals and visions, and enjoy more opportunities and returns.

The network service platform IFTTT proposed a simple yet powerful slogan ten years ago: "If This Then That", which means that if one thing is triggered, another set thing will be executed. This is a concept of making the network serve users, and users can customize and optimize their network experience according to their own needs and preferences. In fact, this is also the future Web3 world envisioned by Smart Layer, an intelligent network driven by Smart Tokens.

Put the Web3 to work for you。

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