Our vision for the future
LUKSO is the foundation for new decentralized societies, giving everyone the tools and standards to thrive together
About LUKSO
LUKSO is a new layer-1 EVM blockchain that uses an unmodified version of Ethereum. It is built for social, culture and creators. With a new set of user-centered standards, LUKSO provides builders and developers an open, permissionless playground for decentralized applications to flourish.
For those looking to onboard to web3 and for existing ecosystem participants, LUKSO provides the foundation for true digital ownership and the means to unify our digital lives through a smart profile. LUKSO offers an innovative approach to managing one’s online presence in a more social, secure and streamlined way, while enabling unexplored ways to connect, interact and co-create in the next era of the internet.
How LUKSO and
FNCΞ work together
The Foundation for the New Creative Economies (FNCΞ) is dedicated to supporting the LUKSO ecosystem by positioning it as a neutral base layer and an open technological playground for innovation. FNCΞ envisions a future where all participants within the LUKSO ecosystem have access to future-proof tools, support, and standardized frameworks. This open and interoperable environment is designed to unleash the full spectrum of creative potential, establishing a vibrant and sustainable creative economy for years to come. FNCΞ is committed to nurturing creativity, driving technological advancements, and providing developers with the resources they need to build on the LUKSO network.
LUKSO is a social blockchain and a playground of limitless, permissionless possibilities
From fragmentation to a unified digital version of you
From gas fees to a gasless experience
From platform dependence to real ownership
From cold, clunky wallets to smart profiles
From minimal human interaction to robust social features
From a single marketplace to monetization across multiple platforms
.webp)
.webp)
Founded by the industry’s
foremost builders
Merging Ethereum’s core expertise and creative lifestyle community design, Fabian Vogelsteller and Marjorie Hernandez together are the initiators of LUKSO
Fabian Vogelsteller
Fabian Vogelsteller was part of the Ethereum Foundation in its early days and helped shape the Ethereum ecosystem from 2015 to 2018 by building the official Ethereum Wallet, the first decentralized web3 browser and tools like web3.js, the blockchain space’s most used JavaScript library. In 2015 he proposed ERC20, the token standard that initiated the whole movement around DeFi protocols and created standards like ERC725, a well known Identity standard for blockchain based accounts.
Marjorie Hernandez
Marjorie Hernandez is a visionary in design, technology, and blockchain. Trained as an architect, she co-founded The Dematerialised, the first web3 digital fashion marketplace, and LUKSO, the blockchain for social, culture and creative industries. Focused on building a cutting-edge lifestyle ecosystems, Marjorie empowers brands and creatives with innovative technologies. Her leadership and influence are recognized in top publications like Vogue Business, Bloomberg, Wired, and Forbes, highlighting her impact on the intersection of creativity and emerging technology.
LUKSO’s Milestones
.svg)
.webp)
Founding LUKSO
LUKSO’s journey began in 2017 with a vision to build a blockchain for the New Creative Economies, founded by Fabian Vogelsteller and Marjorie Hernandez.
LUKSO Whitepaper
The LUKSO Whitepaper was released in 2020, introducing a visionary framework that empowers creatives and innovators to explore new creative economies within an open, interoperable ecosystem.
L14 Testnet
The first Testnet was launched to showcase the vision of Universal Profiles, marking a pivotal step in LUKSO's journey to redefine digital identity by blending blockchain technology with a simplified, user-centric approach.
rICO
LUKSO conducted the first ever reversible initial coin offering (rICO). This new fundraising approach allowed people to reserve tokens and purchase them gradually, with the option to reverse their commitments at any point, demonstrating LUKSO’s dedication to fairness, transparency, and reshaping how blockchain projects engage with their communities.
L15 Testnet
Development on the L15 Testnet focused on integrating Proof-of-Stake into the Ethereum Virtual Machine (EVM) tech stack, a groundbreaking effort that combined Ethereum’s robust infrastructure with LUKSO’s visionary approach to sustainable and secure blockchain innovation.
L16 Testnet
The L16 Testnet allowed the community to add and run validator nodes marking a critical milestone in LUKSO's journey by empowering individuals to begin actively participating in the network’s decentralized governance.
LUKSO Testnet
The LUKSO Testnet went live on May 3rd, 2023. This allowed developers to shift dApps from L16 and test them before going live on Mainnet.
Mainnet Launch
On May 23rd, 2023, Genesis Validators successfully launched LUKSO’s Mainnet with an initial supply of 42 million LYX. The network launched fully decentralized with 10,336 Genesis Validators well distributed around the globe.
Initial Token Distribution
The token distribution chart is based off the initial token distribution of LYX at Mainnet launch (May 23rd, 2023).
Shapella Update
On June 30th, 2023, the Shapella upgrade was finalized on LUKSO Mainnet, allowing validator withdrawals. This was a crucial step in enhancing network flexibility and rewarding early supporters who had staked their assets to secure the network.
Universal Profiles Launch on Mainnet
Universal Profiles officially launched on LUKSO Mainnet in November 2023, marking a major milestone in redefining blockchain user experience. As smart contract-based accounts, they unlock new possibilities for developers, creators, and users in an open and interoperable digital ecosystem.
100,000 Validators
On November 22nd, 2023, LUKSO Mainnet surpassed over 100,000 active validators, all run by the community highlighting the network’s robust decentralization and the collective commitment of its participants to securing and advancing the ecosystem.
Universal Profiles Migration
Following the mainnet launch, Universal Profiles and NFTs from the L14 Testnet were migrated, enhancing the mainnet's functionality and accessibility for dApps and marking the realization of LUKSO’s vision to redefine digital ownership and identity, empowering users with self-sovereign profiles and assets in a seamless, user-centric blockchain environment.
20,000 Universal Profiles
In June 2024, the LUKSO ecosystem surpassed 20,000 Universal Profiles on Mainnet, marking a significant step in the adoption of smart profiles and the network’s continued growth.
Universal Profile Mobile App (Alpha) and The Grid Launch
In November 2024, the Alpha version of the Universal Profile mobile app and the first public release of The Grid were officially launched during Devcon in Bangkok.
Dencun Hardfork
On November 20th, 2024 the Dencun hard fork was successfully finalized on LUKSO Mainnet, ensuring alignment with the latest network developments from the Ethereum ecosystem, enhancing scalability, efficiency, and functionality.
Featured in
Related articles
Frequently asked questions
The initial LUKSO Standards Proposals (LSPs) represent the core building blocks of the LUKSO ecosystem. LSPs aim to increase functionality and user-friendliness within the blockchain ecosystem and to standardize identity, asset representation and smart contract interaction.
The core LSPs are extremely extensible, allowing for many new use cases, while simplifying the developer and user experience. These standards are ‘unbiased’ - meaning they are generic enough to enable new use cases that have not yet been conceived.
Universal Profiles are interoperable blockchain-based profiles which enable verifiable identities in the digital world. They allow for universal logins that make remembering usernames and passwords a thing of the past, while also giving you full control of all your virtual assets and identity. Universal Profiles simplify the onboarding process to Web3 for users, brands and creators, while also improving accessibility, security and functionality.
Through the LSP6 Key Manager different levels of access methods can be added, including access to dApps and other environments. Universal Profiles also improve security for users on-chain, as they allow users to react to received assets/tokens (eg. reject transfers) via LSP1 Universal Receiver Universal profiles make economic and verifiable interactions possible and are the core building block for the new creative economies.
With LSP8 Identifiable Digital Asset as well as LSP7 Digital Asset NFT and token metadata inputs are very extensible and smart contract readable. The metadata inputs could also be changed over time, allowing NFTs to evolve post-minting. NFTs and tokens on LUKSO can have multiple creators and inform receivers of assets, making complex smart contract automation possible.
The LSP6 Key Manager allows for relay transactions, enabling third parties to pay for a user's transaction fees (GAS). Any future transaction relay service can be set to work with Universal Profiles. Since relay services are backend systems that execute users transactions on their behalf, no initial funds are needed for users to use their Universal Profiles. LUKSO will subsidise early adopters by running a public relay service, allowing anyone to interact with the LUKSO blockchain without complexity.
CoFounder, Fabian Vogelsteller, proposed the ERC725 smart contract standard in 2017 to create a blockchain-based account system. The ERC725 standard is a base for anything that needs to store public and verifiable information about itself as well as a generic standard to execute arbitrary smart contracts. It is also the base of many LSPs, which bring additional functionalities to tokens, NFTs, and is a core standard of Universal Profiles.
Two ERC725 sub-standards for storage and execution allow for flexible and generic smart contracts:
a) ERC725X can call any function of any other smart contract or deploy contracts independently, allowing for token transfers or calling functions on other smart contracts.
b) ERC725Y is a generic key-value storage of information in a smart contract, that can be updated and changed over time.
LUKSO is EVM compatible, which means the execution engine is fully compatible with all Ethereum tools and is easy to use by developers familiar with the Ethereum toolchain (web3.js, ethers.js, truffle, etc).
LUKSO is not a competitor to Ethereum, rather, more like a sibling for a different space that is working to bring blockchain technology to millions of new users. We aim to simplify the onboarding process, increase security and allow dApps to be built for a whole new audience.
LYX is the native utility token of the LUKSO blockchain. To be able to participate in securing the network, validators are required to use LYX - individuals and entities who wish to participate as validators are then able to stake it.
LYXe is LYX on the Ethereum blockchain and is the token that was used for the reversible ICO (rICO). Both LYXe and LYX represent the same asset, but on different blockchain networks. A migration bridge is available to migrate LYXe to LYX.
LYXt, or "Test LYX", is the asset used on LUKSO's test network ( L14 ) and holds no monetary value. This is obtainable through the L14 Faucet .
The Reversible ICO was introduced by LUKSO Co-Founder and former Ethereum Lead DApp Developer, Fabian Vogelsteller. A rICO allows you to reserve tokens and buy them over time without price risk from a smart contract. This allows for fair ICOs that enable a level of trust and security that other ICOs do not give. As tokens are gradually purchased, exposure to the project is predictable and stoppable. LUKSO's rICO, for LYXe, took place between May 2020 and February 2021.
No, FNCE is restricted from holding a controlling position as a validator. A clause in its deed limits its staked LYX to a maximum of 30% of the total staked supply.
If the circulating market cap of LYX averages over €2 billion for six months, a Freeze Smart Contract will be activated. This contract removes any excess tokens FNCE doesn’t need, reducing the potential circulating supply.
LUKSO runs an unmodified version of the Ethereum protocol. The initial supply was 42 million LYX, with the current supply at approximately 42.11 million.