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Smart Contracts

Smart Contracts

A smart contract is a self-executing program stored on the blockchain. It automatically enforces agreements based on pre-programmed rules.

Livity Example: When you buy a Livity NFT, smart contracts allocate funds (e.g., 70% to CAAPs, 20% to capacity building, 10% to the artist). Everything is automated and transparent.

Learn More:
• Smart Contracts by Ethereum

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