The startup develops composable smart token bridges that enhance token ownership, identity, and interaction through a portable interface integrating token knowledge and smart contract logic. This technology provides context, security, and interoperability for non-fungible tokens, gaming, decentralized finance, and the metaverse, enabling seamless token composability across various applications.
Funding
$7.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current token standards lack the ability to execute complex logic and interact seamlessly with web services, limiting their utility and composability across different applications and platforms. This restricts the potential for tokenized use cases in Web3 and prevents the creation of truly integrated and frictionless markets.
Solution
Smart Token Labs provides Smart Layer, a programmable blockchain-based service network that enables the execution of token logic, facilitating complex interactions between tokens and various systems. Smart Layer allows token issuers to create and manage programmable smart tokens, while also acting as middleware to simplify the integration of web services and token functionality. TokenScript, a core component, introduces a smart token interface that brings context, security, interoperability, and composability to tokens, rather than dApps. This allows tokens to function as applications ("Tapps"), enabling on-chain actions across multiple channels and platforms, including wallets, websites, and social media.
Target Audience
The primary target audience includes token issuers, Web3 developers, and blockchain ecosystems seeking to enhance token utility, composability, and integration with web services.
Features
- Smart Layer: A blockchain-based service network for executing token logic and enabling complex token interactions.
- TokenScript: A smart token interface that enhances token utility by adding context, security, and interoperability.
- Programmable Smart Tokens: Enables token issuers to create and manage tokens with custom logic and functionality.
- Middleware for Web Services: Simplifies the integration of web services with token functionality.
- Multi-Channel Support: Allows tokens to be used across various platforms, including wallets, websites, Telegram, Discord, X and Farcaster.
- ERC-5169 and ERC-7738 Compatibility: Supports rapid deployment of tapps with robust developer tools.
- AlphaWallet: A decentralized wallet for Web3, acting as a super User Agent for smart tokens.