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I love this post but don't understand it. What do you feel like is the play with NFTs -- buying some to resell or getting in on the creation side?
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There will be many usecases and many winners, but at this stage I'm more interested in infrastructure design/architecture.<br />
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I play with these things every day. After months of heavy use, I've learned a ton about the user experience and what value skews would change the game. Smart contract wallets are one of these game-changing value skews.<br />
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My bet on LUKSO is a bet on the use of the ERC725 token standard as an emergent asset class. This asset class will be far superior to other smart-contract standards in that there is an executable function inside the contract itself. This execute function can be called from outside the contract and so this contract can become dynamic.<br />
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This dynamic element enables you to have a "wallet" like you do in metamask today, but it'll actually just be in a smart contract on chain. This execute functions opens the door for enabling new recovery features. Personalized recovery features. As many and as unique of a recovery that you would like. Remembering your "private keys" will not be something you'd be doing anymore, because this on-chain smart-contract could sync up with other data sources and perform checks against them.<br />
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Imagine "signing in" to a contract using a password if you want, or a pin, or whatever you set, and once authorized any dapp you visit you automatically authenticate via this smartcontractwallet, and then from there you can do all your social media, all your banking, and every other tokenizable function can be controlled from this wholly owned contract that lives onchain.<br />
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The real beauty in all of this, is in the simplicity of the abstraction. It's not a complex standard, in fact it's a really simple design. It's this execute function that opens up a brand new playing field for the composability of contracts across the crypto stack.<br />
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Take a look at this, it's called a <a href="https://universalprofile.cloud/" target="_blank" class="link link--external" rel="noopener">universal profile</a>. These are smart contracts on chain. But they're user profiles like on social media. Imagine now if you own the key to this account, there are now functions on the web app for you to do things. <br />
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You can create your own universal profile <a href="https://universalprofile.cloud/create" target="_blank" class="link link--external" rel="noopener">Universal Profile Cloud</a> <br />
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What's cool is if you go thru the process, you never sign a tx personally, a relay service creates this account for you! I hope you can begin to see how social applications can be built using these principles.</div>
