LUKSO is a layer-1 EVM blockchain designed for the fashion and lifestyle industry, providing a decentralized platform for applications that utilize Universal Profiles to consolidate online identities. This technology addresses the issues of password management, third-party control, and data breaches by allowing users to manage multiple accounts through a single, secure profile.
Funding
$18M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VKFounders
Product
Problem
Managing multiple online accounts across various platforms leads to password fatigue, security vulnerabilities, and reliance on third-party services that control user data. Data breaches and the lack of a unified digital identity further complicate online interactions and ownership.
Solution
LUKSO is a layer-1 EVM blockchain designed to provide a decentralized platform for managing digital identities through Universal Profiles. These profiles consolidate multiple online accounts into a single, secure, user-controlled identity. By leveraging blockchain technology, LUKSO eliminates the need for numerous passwords and reduces the risk of data breaches. The platform enables users to manage their digital assets and interactions with greater control and security, fostering a more seamless and trustworthy online experience.
Target Audience
The primary target audience includes users seeking secure and unified digital identity management, as well as developers building decentralized applications within the fashion, lifestyle, and broader Web3 ecosystems.
Features
- Universal Profiles: Secure, user-controlled digital identities that consolidate multiple accounts.
- Layer-1 EVM Blockchain: Utilizes an unmodified version of Ethereum for a permissionless and open environment.
- Decentralized Applications (dApps): Supports a wide range of dApps built for the fashion and lifestyle industries.
- Native LYX Token: Powers transactions and operations within the LUKSO ecosystem.
- Active Validator Network: Ensures network security and stability through a decentralized validator system.