Smart Layer Network Testnet is Live

The Smart Layer Network (SLN) is live in Alpha and poised to deliver a new wave of digital asset value creation in EVM.

The testnet has been facilitating the off-chain token logic for more than 2.5m executable NFTs which are held by over 946k unique wallets.

The Smart Layer Network is a decentralized services network that forms a key function in the Smart Tokens (Executable Tokens and NFTs) ecosystem

Smart Tokens (Executable Tokens and NFTs) and SLN work together to deliver a new paradigm in digital asset value creation. Digital assets become more valuable when they have their own front-end:

1. Carry more complete asset information, which aides in price discovery.
2. Become programmable on both frontend and back-end, and carry both on-chain and off-chain functionalities
3. Have greater composability and can integrate more easily into other systems, leading to increased value the more they are used.

As tokens with the above attributes increase digital asset value in DeFi, Gaming and Loyalty — SLN is poised to become a critical infrastructure for web3
1. Blockchains provide ownership-related on-chain token logic, as part of the asset back-end.
2. Smart Layer Network provides off-chain token logic.
3. Asset frontend is linked and interfaced via ERC-5169 and TokenScript.
ERC 5169 is a token standard developed by the Smart Layer team that allows tokens to carry executable scripts and connect both on-chain and off-chain token logic. TokenScript is an executable script and scripting framework developed by Smart Layer to bring a programmable frontend to executable tokens.
Our latest release, Smart Cats executable NFT quickly sparked enthusiasm across the community, users have minted 900k executable tokens on Polygon and in the past 60 days have completed more than 6M on-chain transactions, making Smart Cats executable NFT the #1 game and #1 DApp on Polygon by transaction volume.

The #SmartCatArmy has played the Smart Cats game and completed other traditional quests to earn points on their Smart Layer Pass which are secured via off-chain attestations.

Those 2.57M passes will now be migrated to the Smart Layer Network as well, which is a key step in preparing for the upcoming Smart Layer airdrop.