LUKSO is a multiverse blockchain network that intersects the worlds of fashion, gaming, design, and social media, offering digital identity, asset management, and community building tools for the creative industries.

LUKSO facilitates the creation of Universal Public Profiles, Digital Identities, Certificates, and Tokenized Communities for the creative economy, leveraging blockchain technology. It allows for the mapping of physical commodities to virtual networks through digital twin technology, ensuring the authenticity and uniqueness of virtual goods, particularly in the fashion and lifestyle industry​​.

Founded in 2017 by Fabian Vogelsteller, a key contributor to the ERC-721 Ethereum token standard for NFTs, LUKSO focuses on bridging the gap between the creative industries and blockchain technology. It provides a Web3 platform similar to Shopify, tailored to the needs of creatives in fashion, lifestyle, media, and design​​​​.

LUKSO pioneered the Reversible ICO (rICO) in 2018, allowing investors to reserve tokens and buy them over time, with the option to return them within the reserve period for a refund. This innovative funding mechanism was developed in compliance with German security law. LUKSO has also launched the L16 public test network, a precursor to its Mainnet, and outlined a tokenomics plan for future distribution of LYXe Tokens to partners and brands​​​​​​​​.

LYXe, the Ethereum-based version of the native LYX token, is used to secure the LUKSO blockchain and is required for transaction fees and block production participation. There are plans for a migration from LYXe to LYX on the LUKSO Blockchain once the Mainnet starts. The initial supply of LYXe is 100 million, with a distribution strategy covering various stakeholders, including founders, private sale participants, and the community​​​​.