Thread by @PortfolioPeon

gm, seems like a good time to drop this LUKSO🆙 primer!

💻Testnet soon™
👟#rtfkt x #nike hype building
💼Increased lifestyle business interest in Web3
🤬OpenSea + MetaMask banning
💸More scams + fake mint sites

🧵👇
1/n

#crypto #nft #metaverse $LYXE $LYX #clonex

LUKSO is a next-gen #layer1 for the modern lifestyle industry.

LUKSO provides the infrastructure for blockchain-based permanent digital IDs (Universal Profiles 🆙) necessary for building a truly decentralised and seamless Web3 economy.

2/n

#crypto #nft #metaverse $LYXE $LYX

LUKSO is the brainchild of @feindura + @m_h_d_v.

The choice of advisors reflects LUKSO's direction, with industry veterans from @CHANEL, @Nike, @instagram etc.

Along with names from the DLT world including @NEARProtocol, @ethereum etc

3/n

#crypto #nft #metaverse $LYXE $LYX

LUKSO Pillars
🔎 IDENTIFICATION
Building blockchain-based permanent digital identifiers (Universal Profiles)

📲VIRTUALIZATION
Preserving exp across physical & digital realities

📜TOKENIZATION
Free flowing value & exp between participants

4/n

#crypto #nft #metaverse $LYXE $LYX

Why LUKSO?
🟩Basically Ethereum 2.0++
🟩Built for the non-financial market (i.e. not entirely dependent on spec DeFi flows)
🟩Constant improvements via LSPs
🟩Reduces dependence on centralised services (OpenSea, MetaMask, Etherscan etc)

5/n

#crypto #nft #metaverse $LYXE $LYX

Improvements are pushed thru LUKSO Standard Proposals (LSPs). I've created 4 categories.

1⃣FOUNDATION
🟩ERC725Y: More data on contract
🟩KeyManager: Better key mgmt
🟩Uni Receiver: Txn notification
🟩Storage Schema: Readability & interoperability

6/n

#crypto #nft $LYXE $LYX

LSPs cont..
2⃣UNIVERSAL PROFILES 🆙
🟩UP Metadata: Adds more character to a UP.
🟩Received Assets: Properly tracks assets owned by a UP.

3⃣VAULTS
🟩A midpoint for 3rd parties to indirectly interact with UPs, improving security & functionality.

7/n

#nft #metaverse $LYXE $LYX

LSPs cont..
4⃣NFT 2.0
🟩Digital Asset Metadata: Enables feature-rich NFTs
🟩Digital Asset (Token): Standards to improve common tooling, clients, &data mgmt.
🟩Identifiable Digital Asset: Unique & evolving metadata for every NFT in a collection.

8/n

#nft #metaverse $LYXE $LYX

LUKSO's native token $LYXe $LYX (mainnet) will facilitate transfer of value on the network, and be used for staking.

LUKSO has a cap of 100m tokens, of which 15% is currently in circulation. At mainnet launch, circulation is expected to be 35%.

9/n

#crypto #nft #metaverse

Also, a great 3-part write up by @felix_hldbrndt and the team at @lukso_io!

10/n

#crypto #nft #metaverse $LYXE $LYX #clonex

And a nice thread with ideas on some of the issues that LUKSO could solve!

11/n

#crypto #nft #metaverse $LYXE $LYX #clonex