Composability

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Web 3 brings software composability to a new level.

Composability is the ability to select and combine components to meet specific requirements.

An example is the smart contract on the blockchain.

Any smart contract can call any other smart contract to execute it.

Web 3 uses open source components to build systems.

This allows the developer to use the tools and systems of others without having to reinvent them.

Some level of standardization must be applied to ensure the compatibility and reuse of modules and components.

This enables access to multiple applications and systems.

For example, one can cast a vote on a DAO, which triggers a token award and then deposits that token into a yield farming system to earn additional money.

Composability is the next generation of application software as it connects across company boundaries.

As we digitize more things to represent on the internet, the greater the opportunity for composability.

For example, an art object can be captured on the web as an NFT.

This NFT can now be used as part of a composable system.

Composability has been around for a long time and as Web3 brings new physical components online, the ability to combine each component into a new system is endless.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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