Let $ X \subset \mathbb{P}^n$ be a smooth closed subvariety, and $O(1)$ is the pull-back of the line bundle of $O(1)$ on $\mathbb{P}^n$. Then it is claimed:
$$X \cong \operatorname{Proj}\left(\bigoplus_n H^0\big(X, O(n)\big)\right)\;.$$
This seems quite plausible for me, but I don't know how to show it.