Smart Layer is for every token on the planet
A token protocol bigger than any Layer 2
Smart Layer is a new token protocol for every token on the planet. It’s a decentralized services network that will be larger in scale and impact than any individual L2 network or chain.
Smart Layer was founded by some of the most visionary technical minds in crypto and developed by a leadership team including senior execs from Salesforce, Meta, Uber and Nintendo. Investors include OKX Ventures, Crypto.com, Mark Cuban and Mechanism Capital.
The Smart Layer mission is a new token protocol that transforms utility and liquidity for every token on the planet. The addressable market is every token. From Fungible Tokens to Non-Fungible Tokens. From Gaming to DeFi to Real World Assets.
By the end of 2026, Smart Layer aims to service every blockchain and be larger in scale and impact than any Layer 2 Network.
Use case: Car Tokenization with Smart Layer
Alice owns a car that is powered by a Smart Token on the Smart Layer token protocol.
Everything to do with the car is accessed and integrated through the smart token interface that operates in a manner very similar to a mobile app. Except its not a mobile app, its a smart token with both on-chain and off-chain capabilities and logic.
As Alice walks up to her car she presses a button on the token to unlock the car, open the door and turn the engine on. Alice could have just as easily granted the same rights to another person to do the same thing with her car. Via the smart token secured on-chain, she could have granted rental access for a fixed period via a smart contract.
Beyond ownership, operation and access rights to her car, Alice can use her Smart Layer token to connect to 3rd party services like maintenance, registration or insurance. All services are integrated with the token and able to be stored or utilized in both on and off chain transactions.
Use case : DeFi Tokenization with Smart Layer
Or imagine Bob, who holds DAI and wants to redeem its underlying collateral.
To undertake a complex function like this, Bob has to interact with multiple websites and connect his wallet multiple times. His experience involves jumping back and forth between the MakerDAO website and wallet interface, clicking “redeem” on the site, then confirming a transaction in his wallet. Often, he will receive no extra prompts from the wallet to indicate the operation is actually complete.
The smart token approach sets the website aside. Instead, we introduce a token front-end capable of similar logic and functionality. The front-end to the Dai token itself enables the token to operate much more like a mobile application.
From now on,if someone wants to interact with a DAI token powered by Smart Layer they will see the ERC5169 interface and know it points to its programmable front-end.
For instance, if Makerdao wants to provide Dai users with an official default fiat on-and-off ramp, it can incorporate this logic into Dai’s front-end, secured with Makerdao’s signature. This way, Dai users can directly exchange Dai and fiat within their wallets, securely and conveniently.
The Technology Foundation
The Smart Layer ecosystem is based on 4 technology and platform foundations that underpin the project and long term vision. Ecosystem milestones in 2023 include :
- 3.2m executable tokens
- 1.1m unique wallets
- 222m Testnet requests
Smart Cats surpassed major Level 2 transaction volume
The largest scale Smart Layer project to date is Smart Cats which adopted all the underlying Smart Layer technology and turned an NFT into a playable game.
It is a showcase of the transformative utility and liquidity that can be brought to any token via a token front end from Smart Layer. Smart Cats delivered over 25m on-chain transactions. In 7 days it delivered more txns than the entire L2 ecosystem or either BASE or OPTIMISM.
Smart Layer team and investors
Smart Layer leadership team includes some of the most visionary technologists in the crypto space coupled with senior executives from Salesforce, Meta and Uber. Smart Layer is backed by tier A investors in the web3 space.
