LUKSO [OLD]

What is LUKSO?

LUKSO serves as the foundational digital layer for contemporary creative economies, focusing on lifestyle, fashion, media, and design. Its purpose is to foster innovation in various aspects of creative work, such as collaboration, consumer engagement, automation, and transaction trust. The platform reimagines asset management, collection display, and brand experiences, offering a technological space for creative professionals to influence emerging trends.

Key to LUKSO's approach is the concept of peer production, empowering creators by establishing new channels for collaboration among socio-creative communities. The trust architecture of LUKSO expands collective efforts, enabling continuous collaboration between creators, consumers, innovators, and influencers across physical, digital, and virtual realms.

As a public and domain-specific blockchain, LUKSO utilizes crypto-economics to spark a new conversation about the convergence of creativity, technology, and human interaction. While the lifestyle sector is characterized by highly social groups, LUKSO acts as their digital interaction layer, carrying genuine value. As an open ecosystem, it is owned by the global community of creative individuals, facilitating real-time understanding of consumer needs and desires. This decentralization represents a significant departure from the traditional model of centralized gatekeepers in the realms of lifestyle creation and consumption.

The establishment of a digital ecosystem for creative spaces is guided by three key principles facilitated by recent blockchain technology advancements: (1) Facilitating unique and interoperable digital identities for all participants and objects to enable interaction and transactions across systems and platforms. (2) Embracing virtualization processes in lifestyle production and consumption to share immersive digital experiences. (3) Implementing tokenization of creative communities to enable the free flow of value among participants, enhancing customer experiences, commitments, and relationships.

The LUKSO ecosystem is structured around these principles, creating a framework that supports new economies in lifestyle, fashion, and design. This system allows for the easy development of customized applications on the LUKSO blockchain, drawing on different combinations of the three building blocks. The integration of these principles aims to redefine the concepts of value, community, and ownership in the creative space.

Recent Video Interview

Main points of the interview:

• LUKSO's internal growth and cultural development.
• LUKSO's rebranding and marketing strategy.
• Innovative approach to account abstraction, aiming to simplify blockchain interactions and enhance user control.
• Future plans for LUKSO include developing a mobile app and expanding its community-driven initiatives.
• LUKSO's vision of creating a blockchain ecosystem centered around social accounts and human-centric values.

What Makes LUKSO Unique?

The LUKSO blockchain serves as the foundational layer for various applications and the decentralized economy. It is programmable, enabling the creation of value-based systems and interactions independent of third parties. Universal user profiles, facilitated by smart contracts and advanced cryptography, allow for universal logins across multiple applications, replacing traditional username and password systems.

LUKSO NFC tags are hardware chips linking physical objects to blockchain-based objects, ensuring ownership and transferability. Brands can use these cryptographically secured tags to make their physical products identifiable. Blockchain registration enables brands to digitally own and interact with their items, fostering unprecedented and anonymous customer engagement.

The Digital Closet and Wallet empower customers to hold and transfer both physical and digital lifestyle products enabled by the LUKSO blockchain, functioning as a wallet for the digital token economy.

The Token generator allows individuals and entities to create custom-built tokens, fostering tokenized communities. These tokens can be freely transferred, used as rewards, or employed as payment within personal token ecosystems.

LUKSO [OLD] Price Analysis

As of November 28 2024 LUKSO [OLD] has a marketcap of $30M. This is {{percentagefromath}} from its all time high of $41.18. In terms of its tokenomics, there's a total supply of 100M with 16% currently outstanding. Keep in mind LUKSO [OLD] has a fully diluted value of $194M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude