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LYXE Price   

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LYXE

LUKSO Token  

#LYXE

LYXE Price:
$4.85
Volume:
$331.7 K
All Time High:
$42.03
Market Cap:
$74.2 M


Circulating Supply:
15,305,916
Exchanges:
6
Total Supply:
100,000,000
Markets:
7
Max Supply:
100,000,000
Pairs:
7



  LYXE PRICE


The price of #LYXE today is $4.85 USD.

The lowest LYXE price for this period was $0, the highest was $4.85, and the exact current price of one LYXE crypto coin is $4.85084.

The all-time high LYXE coin price was $42.03.

Use our custom price calculator to see the hypothetical price of LYXE with market cap of ETH or other crypto coins.


  LYXE OVERVIEW


The code for LUKSO Token is #LYXE.

LUKSO Token is 2.3 years old.


  LYXE MARKET CAP


The current market capitalization for LUKSO Token is $74,246,570.

LUKSO Token is ranked #245 out of all coins, by market cap (and other factors).


  LYXE VOLUME


The trading volume is medium today for #LYXE.

Today's 24-hour trading volume across all exchanges for LUKSO Token is $331,722.


  LYXE SUPPLY


The circulating supply of LYXE is 15,305,916 coins, which is 15% of the maximum coin supply.

A highlight of LUKSO Token is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.


  LYXE BLOCKCHAIN


LYXE is a token on the Ethereum blockchain, and has digital contracts with 1 other blockchain.

See list of the LYXE Blockchain contracts with 2 different blockchains.


  LYXE EXCHANGES


LYXE is available on several crypto currency exchanges.

View #LYXE trading pairs and crypto exchanges that currently support #LYXE purchase.


  LYXE RESOURCES


Websitewww.lukso.network
Whitepaperindd.adobe.com/view/50285b8e-29d4-48f4-98b8-e621b5...
Twitterlukso_io
Redditr/lukso
TelegramLUKSO
Discorddiscord.gg/E2rJPP4
Mediumlukso
Instagramlukso


  LYXE DEVELOPER NEWS



LUKSO BUILD #1 Hackathon: Meet the Winners!

Announcing the winners of LUKSO’s biggest hackathon to date. — LUKSO’s BUILD UP! #1 hackathon has officially ended and we are thrilled with the response and incredible projects that were submitted. The 6-week hackathon was launched to help developers around the world to discover Universal Profiles and the LUKSO Standard Proposals (LSPs), as well as our developer tools and libraries. These new standards enabled participants to build a variety of applications that could simply not be built before with such ease! The hackathon offered $500k in prizes across 11 bounties which were divided into five broad project categories: Universal Profiles Tools, Social & DAOs, Fashion, Art, Music & Entertainment (FAME), Multiverse & Gaming and Blue Sky. With over 500 signups, 74 project submissions, and 10 hours of live educational content created for participants, the hackathon empowered both novice and experienced developers to build the next generation of dApps on Universal Profiles. Thanks to all the participants, judges, and community members who made the LUKSO BUILD UP! #1 hackathon a great success. — The Winners - — Transaction Relayer Services (Universal Profile Tools). — 🥇 1st Place: LUKSO Relayer Service LUKSO Relayer Service enables customers to leverage a staking pool to pay for transaction fees on a blockchain. Demo Video | Demo Link | GitHub Repo 🥈 2nd Place: Gateway Relay Service Gateway Relay Service is an easy-to-use, low-barrier-to-entry transaction relay service for the LUKSO blockchain. A user’s ability to send relay transactions is measured in Gateway Credits, which can be earned in a variety of ways. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: Baton Baton is a relayer that provides users with an easy onboarding experience to the LUKSO network by offering them gas free transactions. All Universal Profiles that sign up will be given a free monthly gas quota which can be increased by signing up to a basic or premium plan managed through a subscription via stripe. Demo Video | GitHub Repo — Token & NFT Wallet with Vault Manager (Universal Profiles Tools). — 🥇 1st Place: Marble Wallet Marble is a LUKSO-native wallet built for users with Universal Profiles to manage their tokens and vaults with ease. Demo Video | Demo Link | GitHub Repo 🥈 2nd Place: LUX Wallet LUX is a wallet extension for the LUKSO Network. Demo Video | GitHub Repo 🥉 3rd Place: Walu Wallet App & Vault Manager for managing assets and vaults on the LUKSO Blockchain. Demo Video | Demo Link | GitHub Repo — Social Recovery Tool (Universal Profiles Tools). — 🥇 1st Place: recovery.social recovery.social allows users to regain access to their Universal Profiles after losing access. A user can add guardians and authenticate themselves with 2FA, social logins or biometric login. Demo Video | Demo Link | GitHub Repo 🥈 2nd Place: Lumukso Lumukso is a multifactor social recovery app made for LUKSO’s Universal Profiles. The application utilizes external key managers such as Magic.link and web3auth.io to help users recover their access using SSO. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: Angel Angel is a robust and user-friendly social recovery tool built for the LUKSO ecosystem based on the LSP11 Basic Social Recovery standard. It helps users create and manage an LSP11 contract all through the LUKSO browser extension. Demo Video | Demo Link | GitHub Repo — Open Category (Universal Profiles Tools). — 🥇 1st Place: HoloView HoloView is a mobile application for Android and IOS that allows users to view all LSP8 Identifiable Digital Asset based assets stored under a Universal Profile in AR. This application acts as a personal AR NFT gallery creator that gives the user more tangible ways to enjoy and show off their NFT collection. Demo Video | GitHub Repo 🥈 2nd Place: museboard museboard is a visual social engine to discover NFTs and organize them into self-curated mood boards regardless of NFT ownership. You do not need to own NFTs to connect your LUKSO wallet and start curating your own boards. Demo Video | GitHub Repo 🥉 3rd Place: PowerUP PowerUP is a library that empowers the use of LUKSO’s Universal Profiles for the development of dApps. PowerUP takes care of the entire ERC-725 serialization / deserialization process, abstracting all the steps that guarantee the LUKSO standard. Demo Video | GitHub Repo — Social & DAOs. — 🥇 1st Place: LuksOracle LuksOracle brings Twitter to LUKSO with ChainLink Oracle Services. Demo Video | Demo Link | GitHub Repo 🥈 2nd Place: Lukso Reader Lukso Reader brings together the power of LUKSO, ERC725Y and RSS feeds to make a simple, decentralized, and clean RSS reader. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: dapUP dapUP is a social dApp that allows following other Universal Profiles and helps users verify that they are following the right ones. Demo Video | GitHub Repo — Chat DApps (Social & DAOs). — Unfortunately none of the projects that were submitted to this bounty met our requirements enough for a 1st or 2nd prize (e.g. using encryption and signed messages with public keys stored in the Universal Profiles). However, we awarded a 3rd prize to Bitvia because they made a more extensive application that integrated ideas of token gated communities and DAO mechanisms which deserved a prize for. 🥉 3rd Place: Bitvia Bitvia offers a new way for creators, brands and influencers to exchange messages, tokens and NFTs via a decentralized chat application. Demo Video | GitHub Repo — Social Media Feed (Social & DAOs). — 🥇 1st Place: LOOKSO LOOKSO is a Universal Profile based social media feed where users post messages and interact. It combines user-generated content with a digest of relevant events emitted by Universal Profile contracts on the blockchain. Demo Video | Demo Link | GitHub Repo 🥈 2nd Place: El Diario El Diario is a decentralized social media feed powered by the LUKSO blockchain. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: Feedhead Feedhead is an NFT media feed: think wordpress, mirror.xyz, and tumblr in an NFT. Not only that, it is consumable as an RSS feed, making it compatible with the existing web2.0 infrastructure that delivers media to all channels today. Demo Video | Demo Link | GitHub Repo — DAO Voting Key Manager for UP based DAO and Interface (Social & DAOs). — The team saw especially strong submissions in this bounty and thus two 3rd place prizes were awarded to projects in this category. 🥇 1st Place: DUP DUP integrated open-zepplin contracts and made them compatible with LUKSO’s LSPs. Demo Video | GitHub Repo 🥈 2nd Place: KEEZ Protocol KEEZ Protocol allows individuals to create a DAO using a Universal Profile. Through the smart contract based tools provided by LUKSO, the team reinvents how DAOs onboard members, participate in governance, and manage their operations. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: DaoManager DaoManager allows for proposals and voting to securely take place within a Universal Profile. By leveraging methods in LSP7 Digital Asset, DaoManager also has the ability for weighted votes at the same time solving the double voting problem. Demo Video | GitHub Repo — Fashion, Art, Music & Entertainment (F.A.M.E). — 🥇 1st Place: UP.TURN The UP.TURN concept creates a new pathway for artists to capitalize on their catalog of digital assets. Demo Video | Demo Link | GitHub Repo 🥈 2nd Place: Endless The Endless Ring is a peak into the future of fashion. Endless is a physical piece of jewelry that holds your voice and has metaverse representations and can be read by any smartphone. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: LuksoGift LuksoGift is an event manager that can create an auction charity event with a deadline and wallet address. Demo Video | Demo Link | GitHub Repo — Multiverse & Gaming. — While this bounty had strong candidates for the 2nd and 3rd prize, unfortunately we couldn’t give a 1st prize. 🥈 2nd Place: UnityLuksoProfile The project allows you to embed a web3 wallet in unity games and create a LUKSO profile. Demo Video | GitHub Repo 🥉 3rd Place: Lukso Phaser Plugin This is a plugin for the popular HTML5 gaming framework Phaser. It enables users to login with Universal Profiles and display their profiles within the games. GitHub Repo — Blue Sky — Open Category. — While this bounty had strong candidates for the 2nd and 3rd prize, unfortunately we couldn’t give a 1st prize. 🥈 2nd Place: LUKSense LUKSense is a platform for buying, selling, and tracking licenses. Enriched with innovative features, LUKSense offers an all-in-one solution for license management. Demo Video | Demo Link | GitHub Repo 🥉 3rd Place: WordUP! Login WordUP! Login created a WordPress login plugin for Universal Profiles. Demo Video | Demo Link | GitHub Repo — Community Choice Awards. — After some energetic voting on RadicalxChange, we are happy to share the top 5 projects selected by our community for the Community Choice Awards. The Community Choice Awards went to LOOKSO, WordUP! Login, KEEZ Protocol, recovery.social and museboard. Congratulations again to all the hackers and winners! For more information on the LUKSO BUILD UP! #1 Hackathon, please see the official GitHub README. If you’re new to LUKSO, we welcome you to build with us! Read the Docs and stay tuned to our Discord and Twitter. Until next time! 🛠 🖖 And thank you for being part of this journey!🙏 🥳 Website | Docs | Discord | Twitter | Medium | Instagram | YouTube




Winners of the LUKSO “Hack your Profile” Hackathon

LUKSO’s first hackathon ran for almost 4 weeks from November 3rd to November 29th, 2021. Participants were challenged to develop solutions that leverage the power of LUKSO’s standards surrounding Universal Profiles, the new token standards and tools we develop to make using them easy. Over 20 builders registered for the hackathon and 9 teams submitted projects spanning tools for Gaming, NFTs, Social and beyond. Teams had the chance to win over $38,000 worth of prizes in LYXe, with the first prize awarding $22,000 in LYXe. The judges were extremely impressed with the quality, creativity and the ability of the LUKSO developer community to use the new standards. Everyone who submitted a project should be incredibly proud of their work.Projects were evaluated based on the following four criteria:Originality & CreativityPracticality & Use CaseDesign & UXUsage of LUKSO’s new standards & tools To those who didn’t submit a project, we’ll be looking forward to your submission at our next hackathon! Beyond engaging with talented builders worldwide, the hackathon allowed us to improve essential documentation, tooling, and other educational resources to better serve all developers building on those new standards. Thank you to all the participants and judges who made this hackathon possible. We appreciate your interest and continued support.🥁Drum Roll🥁… The Winners are: — 🥇 1st Place: Yeeldz. — Yeeldz is a proof of concept app for a new events and NFT ticketing system that would be marketed towards a younger generation of event organizers, artists and creators. It would be used for the discovery of virtual events that occur online or in different metaverse environments as well as buying NFT tickets for traditional physical events. Judges comments: The app was very well done, with a high level of complexity (create, buy, re-sell, check-in) and a beautiful design! Prize: 💰 $22,000 in LYXe Demo Video | Demo Link (best viewed on mobile) | GitHub Repo — 🥈 2nd Place: Universal Page. — A Universal Page is your own personalized website that stores and receives information from your Universal Profile (UP). This means that your website can become an extension of everything that you do or own with your UP. Universal Page allows you to create or edit your UP, select a theme for your page, and host it on a custom domain or subdomain. Judges comments: Very beautiful looking app that showcases well how different universal profiles can look like. It contains the ability to select themes as well as edit your profile! Prize: 💰 $11,000 in LYXe Demo Video | Demo Link | GitHub Repo — 🥉 3rd Place: Nomad. — The Nomad Protocol is built for transferring assets across games and immersive social experiences. Nomad provides the missing incentive for game developers to cooperate and render NFTs which are shared across games (worlds) and governance frameworks (universes). The smart contracts provide a lightweight framework with plug-and-play governance and incentivization through protocol fees. Judges comments: Nice to see the approach to leverage LSP8 and UPs to allow split payments, and make NFTs adopt to its environments. Prize: 💰 $5,000 in LYXe Demo Video | Demo Link | GitHub Repo We will reach out to the winners, to send your well deserved rewards!Honorable Mentions The judges were impressed by the quality of submissions, while the following projects did not win an award, their contributions are worth looking at, as each of these teams put in considerable effort:LUKSO.me | Universal nameLeber.world | UP! OnlyLUKSOTASTICPolitisMeta.OmniWeCodeSearch Universal Profile by Images For more information on LUKSO’s “Hack your Profile” Hackathon, please see the official GitHub README. Until next time! 🛠 🖖 Thank you for being part of this journey!🙏 🥳 Winners of the LUKSO “Hack your Profile” Hackathon was originally published in LUKSO on Medium, where people are continuing the conversation by highlighting and responding to this story.




A note on communication

We have seeing lately a lot of discussion about our communication and demands on marketing actions and news. With this article we want to clarify our position on many of these matters, and to allow anyone to understand how, when and why we communicate. LUKSO is a blockchain project aiming to build a decentralized network and community that will be run a driven by many people and their ideas. People who bought LYX (and LYXe) did so with the intention of using the future LUKSO Blockchain that uses LYX as a fuel to secure and run the network.“Tell me the big announcement, I won’t tell anyone” Unfortunately, we are seeing a lot of talk about price and secondary markets around LYXe and demands to share news, and make marketing campaigns, AMA’s and such, to push price movements. To give a very clear answer to all of these requests: We do not create hype, statements without substance, fake marketing to draw users in, or release news to influence prices. Secondary markets are independent of the LUKSO Project and are a side effect of the LUKSO Blockchain’s LYX, not the project’s goal or purpose. Our responsibility is the LUKSO Blockchain and the technology we develop around it. We aim to build tools that create a thriving ecosystem of users and developers, that use the LUKSO Blockchain for their creative ideas. We put all our efforts into making this technology useable and a core building block for all who want to help build the new creative economy. So to summarize: We DO communicate to:Educate about the LUKSO BlockchainThe tools and standards we developOther projects building on LUKSOAnything we find relates to LUKSO and inspiresAny development that happens in or around LUKSO We DO NOT communicate to:Hype the priceBring in secondary market buyersGive news to a selected group of peopleEnrich anyone close to the projectA note for traders If you are buying LYXe in secondary markets, please be aware that there are price fluctuations and market sentiments, that are independent of our development progress, and will even continue to exist with the LUKSO Blockchain launched and beyond. Everyone trading in these markets is solely responsible for their own actions and should never put more money in than they can afford to lose. LUKSO’s communication is not meant to drive prices or hype markets. It is meant to educate about the technology we are building and the vision we have created.A note on timelines When anyone in or around the project mentions timelines, these dates need to be taken with a grain of salt, as software development is sometimes hard to predict. As we are developing the LUKSO Blockchain and its tools and standards, obstacles and delays can occur, which can throw any timeline estimation back. This must be a basic understanding when following the development of novel technology such as a Blockchain and its smart contract standards. These are things that haven’t been done before and are hard to predict in exact time frames. We ask everyone to take this advice when expecting dates and timelines.A note on direct messages in social media A few weeks ago, we had an incident with one of our employees, who shared not confirmed information through direct messages (DM). These answers to requests were unfortunate, as they were not confirmed and created the impression of an official statement. The employee responsible has been let go, as it does not align with our way of communication. We do apologise to anyone that received such answer as a question in a direct message. For the future, we will not answer any direct messages anymore, information can only be received through our official social media feeds.A note on community communication We have been aware that certain groups are engaging in hate speech around other community members and members of the LUKSO project. We do condemn such behaviour and do involve relevant authorities when the safety of members are at stake. People who are participating in acts of physical and verbal violence will be held accountable and should not treat the internet as a human rights free zone.As a final note We at LUKSO are building a technology to enable new forms of creative exchange and an ecosystem of new users and use cases. This is a huge goal and does take time to evolve. If you are a person who is interested in a project that pumps and dumps to make a token value go up, you might want to reconsider your choices, as you are likely not aligned with LUKSOs vision and values. For everyone else, let’s join together to create the new creative economy! 🪴 A note on communication was originally published in LUKSO on Medium, where people are continuing the conversation by highlighting and responding to this story.




Our response regarding the KuCoin hack

On September 25/26 ~ 150 million USD worth of crypto assets were stolen by a currently unidentified hacker from the KuCoin.com exchange platforms hot wallet. This amount sadly also contained 622,688.45 LYXe, with a value at the time of ~450,000 USD/LYXe. Those LYXe are from users of the KuCoin platform. In perspective, this is around 12% of all LYXe that were available on KuCoin at that time, the majority of 4.3 million LYXe is still held by KuCoins wallets at the time of the writing. KuCoin promised to its users to cover all lost assets, and we expect this also to happen for the lost LYXe.Why not freeze the hacker's assets, or move it’s balance? The LYXe token smart contract does not contain freeze functionality for singular addresses. We also do not have the ability to arbitrarily move tokens from the user's address. LYXe is not a security, therefore we can not control its movements or owner's accounts. We do not have default operators set, as LYXe — even in this early stage, should be controlled by its community and not a single entity.https://etherscan.io/address/0xa8b919680258d369114910511cc87595aec0be6d#readContractWhy not do a token swap? A few projects made a token swap, meaning replacing the current token smart contract with a new one, holding the same balances, except the hacker's balance. This is a feasible way for many projects, but sadly not a feasible option for LUKSO. The LUKSO token contract is directly connected to the Reversible ICO contract. This means replacing the token contract would also mean replacing the rICO contract, which in itself is a large endeavour that has its own security concerns. As much as we want to help KuCoin resolve this issue, we can not compromise the security and integrity of our community. We do expect KuCoin to cover the loss of its users, and are in constant contact with KuCoin on this matter.Is the Reversible ICO safe? Reversible ICO participants are untouched by the KuCoin hack and have the ability to reverse committed ETH at any point in time by sending back locked/reversible LYXe. The Reversible ICO smart contract was audited and is currently the safest option to buy LYXe. We do encourage buying LYXe in the Reversible ICO, over any exchange, as exchanges create a larger attack surface for hackers. — - If you have any feedback or ideas on a sane course of action, feel free share it with our community in discord. Our response regarding the KuCoin hack was originally published in LUKSO on Medium, where people are continuing the conversation by highlighting and responding to this story.




If you were to travel back in time to the end of 1992 when Marc Andreessen was developing Mosaic —…

If you were to travel back in time to the end of 1992 when Marc Andreessen was developing Mosaic — the world’s first graphic interface web browser which popularized the internet to a mass audience — and ask the then-University of Illinois undergrad how the web might blossom over the next three decades, there is no way he could have envisioned a future in which billions of people are accessing algorithmically intelligent web pages, a dizzying sprawl of social media applications, or simply ordering food and watching TV shows with the touch of button from their handheld smartphones — smartphones which recorded those same shows. In fact, Andreessen once famously remarked:Any new technology tends to go through a 25-year adoption cycle.Value created and distributed by the brands, creatives and influencers If that’s the case, what will people be saying about LUKSO in 2030? Or 2050? LUKSO could be considered a “multiverse,” a blockchain network where the worlds of fashion, gaming, design and social media intersect. LUKSO allows developers and creatives to dictate the distribution of wealth and influence from lifestyle activities and direct value flow in whatever direction they want. Imagine Kim Kardashian issuing branded tokens to her millions of fans which could be traded for real Yeezys or digital Chanel bags or converted into digital currency in a future economy that isn’t ruled by central banks or nation-states. LUKSO is a tool to equalize power between people globally through creativity. It’s a network designed to foster the creation of systems to inspire both mass participation and unified stakeholder ownership in a way that is completely fluid and in real-time. LUKSO is meant to go beyond broadcasting and consuming — it’s where the true value of a digital lifestyle can support who you are.LUKSO is a multiverse blockchain network where the worlds of fashion, gaming, design and social media intersect. Launched in late May with a rICO — Reversible Initial Coin Offering (more on that in a bit) — LUKSO is the brainchild of the husband-wife duo Fabian Vogelsteller and Marjorie Hernandez.Right now the internet allows you to communicate in the form of video, text and audio, and now we have the internet of money and value and that allows for real participation, real ownership — real crowd ownership. What blockchain brings to the table is what’s currently missing with the internet, says Fabian Vogelsteller, adding, Artists, brands and influencers will soon dictate distribution of wealth and distribution of influence. The possibilities are endless because users can create value and it can now flow in whatever direction they want.LUKSO HQ in BerlinBeyond the vision — A solid tech team Admittedly, it’s a heady concept, but Vogelsteller, in his technical tenor, can make such bold proclamations because of the unique perch he occupies as a thought leader (and innovator) in the blockchain universe. While working at the Ethereum Foundation, as one of its earlier employees, the German-born developer built the Mist Browser, the first web browser for the so-called “Web 3”, a browser operated only on the decentralized Ethereum network — basically the blockchain analogue to Andreessen’s Mosaic. It was downloaded over 15 million times between 2015–2017. He also developed the Ethereum Wallet, a tool that is heavily used by smart contract developers today. In 2015 he co-wrote ERC-20, the technical standard for so-called “tokens”, used by nearly all smart contracts on Ethereum that enable fundraising projects known as “Initial Coin Offerings” (or ICOs). In the two year-period between 2016 and 2018, these ICOs were used to raise over $40 billion in funding for thousands of blockchain projects. What Ethereum founder Vitalik Buterin realized early on was that a Bitcoin ledger didn’t have to be relegated to a currency market. In fact, with a virtual machine built-in a blockchain could be turned into a virtual computer that sits in the cloud. In essence, it’s a global computer that can create unique, incorruptible systems — incorruptible because the blockchain rules have to be agreed upon by all users — for voting, fundraising, authentication (of physical and digital assets), and identity applications. Or whatever other applications tomorrow’s developer might dare to dream up.“Whatever you create here can have a life of its own.”universalprofile.cloud by LUKSO This wasn’t the case, of course, during the initial “Web 1.0” phase of the internet. An exciting — if not entirely expansive — period, Web 1.0 was dominated by read-only static HTML pages that emerged in the early Nineties and lasted into the early Aughts. The secondary read-write Web 2.0 phase of the internet, which began in earnest around the 2004 Web 2.0 Summit, gave end-users a seemingly endless number of platforms for communicating in real time via mail, blogs, social media apps like Instagram and Twitter, and networked online communities, e-commerce, and gig economy platforms like YouTube, Etsy, Uber and Airbnb. These platforms allowed users to become content creators and influencers, however, the community members who built equity for these platforms still remain beholden to a centralized network designed to benefit the bottom lines of the real owners (and stakeholders), not the foot soldiers. To be fair, centralized networks were necessary, if not altogether equitable, over the past 15 years. But that inequity started to become much more apparent after Bitcoin creator Satoshi Nakamoto unveiled the first blockchain technology and the first decentralized digital currency in 2008. In effect, the launch of Bitcoin, which currently has a market cap of $140 billion, became the opening salvo for the third wave of the internet. Bitcoin ushered in the dawning of the so-called Web 3 epoch, which began to initiate the transition from centralized platforms to decentralized ecosystems. These ecosystems have metastasized at alarming rates in the wake of Vitalik Buterin launching the Ethereum network in 2013 along with the thousands of smaller blockchains created after Bitcoin.Vitalik figured out not only can I manage bitcoins but if I make the network Turing complete I can basically make this ledger into a computer. And what can you do with a computer? Whatever you want. Says Tom Serres, co-founder of the Boston-based Warburg Serres Investments that builds and invests in ventures that are empowering the decentralized economy.We believe that decentralized architecture for most things is inevitable. It might take 10 years, it might take 15 years, but it’s going to happen. We believe Web 3 will be the next wave. What’s attractive about LUKSO is that Fabian is a visionary futurist, a veteran in the space, and LUKSO’s view is very focused on digital lifestyle — gaming, entertainment, media — and we think that is unique relative to the other blockchains out there.LUKSO — How it all started Though Vogelsteller may have earned visionary status for his work on ERC-20 and, later, web3.js — an open-source JavaScript library which allows developers to connect to the Ethereum node and develop blockchain apps more easily; a library that now has over 120,000 downloads per week — the German developer admits it took a full year for him to comprehend how a blockchain really worked. In fact, he’d never even heard of the technology until he stumbled upon a 2013 article about a Canadian man who listed his home in the then-relatively unknown Bitcoin.I thought, ‘Wow, that’s crazy. Somebody is trying to sell a house in a currency I’ve never even heard of.’, recalls Vogelsteller. While studying in Weimar, he released Feindura. He earned an MFA in Media Design at the historic Bauhaus University. It was there during his studies that he met his future wife and partner Marjorie Hernández. From the beginning the German developer and the Caracas-born architect were collaborating on film and art projects. From film projects shown in film festivals in Berlin, to media art installations exhibited at the ZKM, the couple’s collaboration has always been across disciplines and mediums.We’ve been working together pretty consistently for the past eleven years. During my time working as a consultant, I brought Fabian on as an expert voice in my projects. — Hernández Marjorie worked for some of the more innovative and creative groups in Europe, before joining EY in 2015 as an innovation and strategy consultant, where she worked on Ethereum and with the IOTA Foundation, before founding LUKSO with Vogelsteller.I would have never done LUKSO myself because I couldn’t connect to the creative economies demographic like Marjorie can and see the vision she has.But the idea of making a blockchain for exactly the kind of people who are excluded from the current blockchain conversation was always interesting to me. I’m interested in redefining how society works and this is the best group to do it with, it’s the strongest one. I think we will rediscover that our society will soon be run not on money as we know it today but on a concept of reputation and value on many levels: what kind of groups you’re part of, what kind of things you produce, and that will be traded in the form of tokens. — Fabian Vogelsteller LUKSO has the potential to create any type of ecosystem that a developer could imagine on top of a blockchain. Historically, creative economies have faced extreme hardships becoming economically viable, but if writers, artists, and designers were able to create stakeholdership — the way YouTube turned users into creators, but without a middleman dictating how content is ranked or censored — they could create value flows in any direction they wanted.In this world it’s still a little undetermined as to exactly how you ultimately make money, but money looks different in this future world and some of Web 3 is about the future of money. Fortnite has made billions of dollars selling clothing and dance moves in its gaming system. I can connect with that because I’ve seen my son or daughter do it, and that’s a lot of money and a lot of scale. — SerresTapping into an ocean of further possible use cases & a step towards more equal and ethical communities Portability and scalability are the two pillars of LUKSO’s appeal, and that is the network’s pitch to developers, entrepreneurs and brands. If a large or independent fashion house wanted to create incorruptible authentication — for, say, an Hermès Birkin bag or a Cartier Love bracelet — they could initiate that on a LUKSO blockchain that could, in theory, outlive the brands and carry on a life of its own via secondary markets. Those authentications could also apply to digital versions of the same assets. Outside of design and fashion, developers could employ LUKSO networks to execute charity fundraisers or send relief aid to dozens, or thousands, of recipients instantaneously. As Marc Andreessen recently opined on the Andreessen Horowitz blog:In the U.S., we don’t even have the ability to get federal bailout money to the people and businesses that need it. Tens of millions of laid off workers and their families, and many millions of small businesses, are in serious trouble ‘right now’, and we have no direct method to transfer them money without potentially disastrous delays. A government that collects money from all its citizens and businesses each year has never built a system to distribute money to us when it’s needed most. Why do we not have these things? Medical equipment and financial conduits involve no rocket science whatsoever. In fact, such a system will undoubtedly be possible, viable and actionable on the blockchain-based Web 3.You can build systems where you can have mass participation and massive stakeholder ownership completely fluid and in real time. LUKSO is a tool to equalize power between people globally. We have a lot of institutions and companies that are so powerful that there is no equal power anymore. A big brand has way more power than a small designer; a newspaper has more power than a bunch of independent journalists. Middlemen have been good so far but now we are able to build content and value distribution systems without anybody in charge so you could have a pure journalist-run community newspaper fully automated with pay distribution based on article consumption. That’s an especially interesting proposition in creative communities. —LUKSO allows developers and creatives to dictate the distribution and creation of value and influence from lifestyle activities. These historically institutional gatekeepers — publishers, fashion brands, music labels, curators, galleries — have a bad track record in their deployment of gender parity, equity along racial and ethnic lines, and in empowering artists and creatives on the margins.A big reason why we are creating LUKSO is to open the blockchain to all users regardless of gender or race, says Hernández: I receive hundreds of messages via LinkedIn from women who have heard about LUKSO, and want to be part of this project, working in blockchain. I was completely in awe that all of these women who work in tech want to work for us or want to know more about the vision.How LUKSO addresses the current challenges in the blockchain spacerico.lukso.network Historically, there have been two central problems with blockchain. First, while there are thousands of applications in the market the use cases are extremely limited to finance. If you’re not someone who is interested in trading altcoins or wagering in prediction markets there haven’t been many avenues for the average end-user to explore. Second, blockchain is not exactly intuitive or user-friendly. Since there are no third party password logins for blockchains, if you lose your private key or your phone got destroyed you could lose all your assets. The interfaces are also extremely complex. What Vogelsteller plans to do with LUKSO is take a page out of his old playbook — namely his history with open-source building the first user interfaces for Web 3 — and deliver a set of “core tools and standards” to make blockchain easier than today’s centralized account systems and to encourage developers to create future decentralized communities, brands and digital worlds.Everybody wants to build something cool, but they don’t always want to build everything from scratch. That’s why we need the standards and tools. — Vogelsteller. In addition, LUKSO will be the first test case for Vogelsteller’s Reversible Initial Coin Offering, or “rICO” concept. When he co-created the ERC-20 standard in November 2015 it was a boom time for projects looking to create tokens on the Ethereum network.ERC-20 created a wave of ICOs because everyone realized, ‘they could make their own tokens.’ This created a fundraising mania over a two-year period, but bad things happened. People invested in unrealistic valuations and there was no way to back out of these ICOs. Once you bought a token you had to hope they could be traded so you could sell them on the market. There were issues with scams as well. Most people wanted to raise money to build something, but some raised too much money, which completely derailed their interests. It led to a lot of bad players and blockchain became the wild west of decentralized fundraising. As the person who proposed the de facto standard that initiated this ICO wave, I wanted to find a way to improve ICOs, make them more fair for investors, have more repercussions on the project and more balanced power on both sides. — Vogelsteller In a Reversible ICO buyers reserve tokens and then buy those reserved tokens over a period of time (e.g. 8 months) automatically. During this time buyers have the option to return still-reserved tokens at any time and receive their associated ETH back. When New York tried to issue a BitLicense every crypto exchange left because no blockchain developer wants unnecessary regulation in the space at this time.They want freedom in the sandbox to innovate, and clarity over existing regulations and their application. With the rICO concept, which is independent of but inherent to LUKSO, Vogelsteller wants to demonstrate that the industry can have better regulation via security-by-design with uncheatable, auto-regulated systems built within the chains.I want to bring safety to investors by design rather than having a bunch of paperwork, which doesn’t bring real security, says Vogelsteller. Even if you have a prospectus you’ll never get your money or it will take you 10 years to get a portion of it. It’s not fitting with today’s real time economy and internet. On blockchain we can do it in real time and safe by design. The most often repeated question for LUKSO thus far has been: why build a separate network? Why not just build this ecosystem on Ethereum, the second largest blockchain, and which Vogelsteller helped build? The answer is scalability and interests. Blockchains don’t scale endlessly and Bitcoin and Ethereum are at their maximum capacity. At the same time the demographic and interest around the Ethereum network lies currently with a trend called “decentralized finance” or DeFi in short, enabled through the standard Vogelsteller created in 2015. LUKSO’s focus is on a new digital lifestyle, something that is relevant for influencers, creators, artists, YouTubers and other social communities, as well as brands and the coming virtual social world. None of these things are big on Ethereum right now. Vogelsteller believes that in the future, there will be an internet for blockchains — different chains around different communities with different demographics. If fashion or culture brands want to use blockchain why not let them start their own? It brings the magnetic effect and the value growth of such a decentralized ecosystem to their businesses. You also have better scalability because you’re not sharing it with any other industry or use cases, says Vogelsteller. In the end it’s a community. We know people are tribal. That doesn’t mean you run these blockchains completely isolated. LUKSO is an infrastructure, a base layer that will be able to connect to other chains and let assets flow freely between them. What I’m interested in is how we can disrupt society and bring new modes of working and interactivity that was unthinkable before. Blockchain has already done that and we haven’t even gotten started: A few years back it was absolutely unthinkable to have a financial system without an intermediary or bank.Now we’re thinking about new forms of economic communities, powered by the interests of modern internet culture. We are ready for this disruption and excited to see how it will turn out. Visit our website: http://www.lukso.network/ Participate in the rICO: https://rico.lukso.network/ Join the conversation: https://t.me/LUKSO Follow us in Twitter: https://twitter.com/lukso_io Follow us in Instagram: https://www.instagram.com/lukso/ Check our news: https://www.reddit.com/r/lukso/ If you were to travel back in time to the end of 1992 when Marc Andreessen was developing Mosaic —… was originally published in LUKSO on Medium, where people are continuing the conversation by highlighting and responding to this story.



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