In an era where digital lifestyles are rapidly evolving, LUKSO stands out as a blockchain platform with a unique focus on fashion, gaming, design, and social media. Former Ethereum developer Fabian Vogelsteller—known for creating the ERC20 and ERC725 standards—brings his expertise to LUKSO, aiming to democratize blockchain technology. LUKSO seamlessly blends creative industries with blockchain, offering innovative decentralized applications and a smart contract-based infrastructure. The platform’s pioneering standards and industry collaborations are set to transform how we interact with digital assets, making blockchain more accessible and user-friendly. Dive in to explore how LUKSO is shaping the future of digital interaction.
Introduction to LUKSO Blockchain
LUKSO is a multiverse blockchain network where the worlds of fashion, gaming, design, and social media intersect. It focuses on bringing blockchain to the masses through its smart contract-based blockchain, industry-involving standards processes, and an innovative new direction for decentralized applications (dApps). LUKSO is the digital base layer for modern creative economies, leveraging the lifestyle, fashion, media, and design spaces to drive innovation around the core themes of future creative trends.
The Vision Behind LUKSO
LUKSO was created by Fabian Vogelsteller, a former Ethereum developer who played a pivotal role in the development of key Ethereum components such as ERC20 and ERC725, web3.js, and the Mist Browser. His extensive experience and knowledge in the blockchain space have been instrumental in shaping LUKSO’s vision and direction. The project aims to bring blockchain technology to the masses while maintaining its focus on industries such as fashion, gaming, design, and social media.
Core Principles of the LUKSO Ecosystem
The LUKSO ecosystem is built around three key principles:
- Unique and Interoperable Digital Identities: LUKSO enables unique digital identities for all users and objects, allowing them to interact and transact across systems and platforms.
- Immersive Digital Experiences: LUKSO leverages the processes of virtualization to share immersive digital experiences.
- Tokenization of Creative Communities: LUKSO allows the flow of values through the tokenization of creative communities, enhancing asset management, collection showcases, and brand experiences.
LUKSO's Technological Innovations
Universal Profiles
LUKSO introduces Universal Profiles, which redefine how creators can coordinate and communicate with communities and projects. These profiles allow users to automate their interactions and trust their transactions, making blockchain technology more accessible and user-friendly.
LSP Standards
LUKSO is dedicated to defining and designing standards that significantly enhance the user experience of interacting with blockchain technology. The LSP Standards, such as LSP8 Identifiable Digital Asset and LSP7 Digital Asset NFT, allow for extensible and smart contract-readable metadata inputs. These standards enable complex smart contract automation, multiple creators, and inform receivers of assets, making LUKSO a suitable platform for various use cases in the creative economy.
EVM Compatibility
LUKSO is EVM compatible, ensuring compatibility with all Ethereum tools and ease of use for developers familiar with the Ethereum toolchain. This compatibility allows for a seamless transition for developers from Ethereum to LUKSO, fostering a larger developer community and promoting the growth of the ecosystem.
The LUKSO Token (LYX)
Purpose and Utility
The LUKSO token, LYX, is the native utility token of the LUKSO blockchain. It serves as a means of participation in securing the network, with validators required to use LYX to participate in the consensus process. LYX is also used for transaction fees (GAS) and can be staked to participate in the network's governance.
Unique Features
One unique feature of LUKSO is its focus on the creative economy, with specific standards and protocols designed for social, cultural, and creative use cases. Another unique aspect is its Proof of Stake (PoS) consensus mechanism, which uses 99% less energy compared to Proof of Work (PoW) blockchains, making LUKSO a more sustainable option.
Tokenomics and Distribution Model
The LUKSO token has a total supply of 100,000,000 tokens. The token distribution model includes tokens set aside for future partners, which will be sold near market prices when made available. The founders have set aside a relatively small amount of tokens for themselves, aligning their incentives with increasing the value of LYX.
Market Data
- Current Price: $6.9277
- Market Cap: $0.00
- 24h Price Change: -3.26%
- 7d Price Change: 6.88%
- 30d Price Change: -11.30%
- 24h High: $7.5668
- 24h Low: $6.0861
- All-Time High: $97.0500 (2021-11-16)
- All-Time Low: $0.2021 (2020-07-18)
- Circulating Supply: 0.00
- Total Supply: 100,000,000.00
The Team Behind LUKSO
Fabian Vogelsteller
Fabian Vogelsteller is a blockchain veteran and former Ethereum Foundation member. He was instrumental in shaping the Ethereum ecosystem in its early days, contributing to the development of the official Ethereum Wallet, the first decentralized web3 browser, and tools like web3.js. He is also the inventor of the ERC20 token standard, which initiated the ICO wave and the DeFi movement.
Marjorie Hernandez
Marjorie Hernandez is a multi-faceted innovation and product expert with experience as an entrepreneur, designer, architect, strategist, and innovation consultant. She built and led EY's Innovation Lab in Berlin and established herself as a Brand Strategist for Swiss and German brands.
Advisors and Partners
LUKSO's advisors include creative professionals operating at the forefronts of fashion, design, media, and lifestyle segments. Notable advisors include Dr. Berndt Hauptkorn, Eric Pfrunder, Péter Szilágyi, Caroline Drucker, David Fischer, Rajeev Aikkara, Daniel Heaf, Sarah Jane Godman-Boritzki, Silke Bolms, Tom Florio, Dr. Mervyn G.Maistry, Igor Barinov, Andrea Abrams, Dennis "Denyo" Lisk, Carolina Neri, Charles Beckwith, René Célestin, Dr. Ana Trbovich, Julien Bouteloup, Yessin Schiegg, and Tiffany Godoy.
Partners and investors for LUKSO include Nike, Chanel, Burberry, Instagram, Deutsche Bank, HighSnobiety, BlackRock, and more. These partners and investors highlight LUKSO's focus on targeting the fashion industry, which is a 1.5 trillion dollar market.
Conclusion
LUKSO is revolutionizing the digital lifestyle ecosystem by seamlessly blending creative industries with blockchain technology. With its focus on fashion, gaming, design, and social media, LUKSO is set to transform how we interact with digital assets. The platform’s pioneering standards, industry collaborations, and innovative decentralized applications make blockchain more
