Programmable asset
Programmable asset
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Programmable assets, particularly in the context of finance and blockchain technology, are becoming increasingly important.
Programmable Finance
Charles Hoskinson highlights that programmable finance allows for transactions where every aspect is programmable, including the asset itself, identity, metadata, the contractual relationship (via smart contracts), and regulation. This results in significant efficiency gains and increases liquidity because digital currencies can automate compliance, previously a major expense for banks 1.
NFTs and Programmable Utility
NFTs, as explained by Jesse Walden, offer a type of programmable utility where artists can receive royalties from future transactions automatically via smart contracts. This has introduced a new level of programmability to digital assets, allowing for ongoing creator compensation without third-party involvement, and enabling new, innovative applications like displaying digital artworks in virtual worlds 2.
Upgradable Contracts
Ryan Sean Adams discusses upgradable contracts in the context of the Ethereum blockchain, highlighting how the USDC stablecoin can receive updates that add new features. These contract upgrades exemplify how programmable assets can evolve over time, maintaining relevance and utility through continual improvement 3.
Programmable Finance
Lex Fridman Podcast
These examples reflect the diverse applications and benefits of programmable assets, paving the way for more integrated and efficient financial solutions and creative possibilities within the digital economy.