Draft:Lukso
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Submission declined on 17 June 2026 by Avgeekamfot (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion. The draft requires multiple published secondary sources that:
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This draft has been resubmitted and is currently awaiting re-review. |  |
Submission declined on 14 June 2026 by Stuartyeates (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion. The draft requires multiple published secondary sources that:
Declined by Stuartyeates 56 days ago.
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Comment: Most of these sources are primary sources and we need secondary. Stuartyeates (talk) 09:24, 14 June 2026 (UTC)
 | A major contributor to this article appears to have a close connection with its subject. (June 2026) |
| Denominations | |
|---|---|
| Code | LYX |
| Precision | 18 |
| Development | |
| Original author(s) | Fabian Vogelsteller, Marjorie Hernandez[1] |
| Implementation(s) | LUKSO CLI (forks of Ethereum execution and consensus clients)[2] |
| Code repository | github |
| Development status | Active |
| Developer | Lukso |
| Source model | Open source |
| Ledger | |
| Ledger start | 2023 (mainnet genesis)[3] |
| Timestamping scheme | Proof of stake[4] |
| Block time | ~12 seconds per slot[4] |
| Block explorer | explorer |
| Website | |
| Website | lukso |
Lukso is a layer-1 blockchain network oriented toward creative, cultural and consumer-facing applications, including fashion, art, music and social media. It was co-founded in Berlin by Fabian Vogelsteller, an early Ethereum developer and co-author of the ERC-20 token standard, and Marjorie Hernandez, a designer and technologist.[1][5]
The network is compatible with the Ethereum Virtual Machine and uses an Ethereum-style proof of stake consensus. Its account model centres on "Universal Profiles", smart-contract-based accounts that are intended to combine wallet functionality with profile information and application interactions.[4][6]
Background
Vogelsteller was an early Ethereum developer who worked on the Mist browser and the web3.js JavaScript library, and co-authored the ERC-20 token standard with Vitalik Buterin.[5] Hernandez trained as an architect and worked in technology innovation, including at the Berlin innovation lab of consultancy EY; she also co-founded The Dematerialised, a digital-fashion marketplace.[1][7][8]
According to Bloomberg News, the idea for Lukso came from Hernandez, who conceived of a blockchain for creative fields while working at EY in Berlin. Rather than building on the existing Ethereum network, which she viewed as prone to congestion, the founders developed a separate layer-1 chain.[1] From the outset the project was positioned around fashion, lifestyle and creative industries rather than financial or trading use cases.[1][9]
Funding
Before launching its own network, Lukso raised funds through a mechanism it called a "reversible ICO" (rICO). Vogelsteller presented the model as an attempt to make token sales fairer by allowing participants to acquire tokens gradually while retaining the ability to reclaim contributions that had not yet been spent.[1] The sale used an Ethereum-based ERC-20 token, LYXe, and ran from 2020 into 2021. LYXe was later migratable to LYX, the native token of the LUKSO network, with both representing the same asset on different networks.[3]
Network and Universal Profiles
Lukso's main network launched in 2023.[3] It is compatible with the Ethereum Virtual Machine, allowing Ethereum-style smart contracts to run on the network, and uses a proof-of-stake consensus in which validators stake 32 LYX, with blocks produced in roughly 12-second slots.[4][2]
The account model derives from ERC-725, a draft Ethereum standard for smart-contract accounts with generic execution and data storage, proposed by Vogelsteller and Tyler Yasaka.[6] Lukso's Universal Profiles apply this approach so that a user's application activity, assets and profile data are linked to a single smart-contract account rather than to a plain wallet address.[6][4]
Fashion and creative-industry applications
Lukso has been discussed mainly in the context of fashion, digital goods and digital-identity applications.[1][9] In 2021, the photographic archive of fashion designer Karl Lagerfeld — reported to comprise more than 120,000 images — was registered on the Lukso blockchain for authentication purposes. The project involved Eric Pfrunder, a longtime Lagerfeld collaborator and former image director at Chanel, and was associated with authenticity, traceability and possible non-fungible token releases.[9]
Coverage has also situated Lukso within wider efforts to apply blockchain technology to digital fashion, virtual goods and the ownership of digital items.[8][7]
Reception
Commentators have noted that the usefulness of blockchain-based authentication and digital-identity systems in fashion depends on broad adoption across brands, marketplaces and consumers. In Vogue Business coverage of the Lagerfeld archive project, Mytheresa chief executive Michael Kliger was reported as saying that such concepts would require industry-wide adoption and critical mass to become useful.[9]
See also
- Blockchain
- Decentralized application
- Digital fashion
- Digital identity
- Ethereum
- Non-fungible token
- Smart contract
References
- ^ a b c d e f g "Blockchain Startup Wants to Bring Women Into the Technology Fold". Bloomberg News. 7 April 2020. Retrieved 22 June 2026.
- ^ a b "Validators". LUKSO Tech Documentation. Retrieved 22 June 2026.
- ^ a b c "Project Origins". LUKSO Tech Documentation. Retrieved 22 June 2026.
- ^ a b c d e "Blockchain Architecture". LUKSO Tech Documentation. Retrieved 22 June 2026.
- ^ a b Vogelsteller, Fabian; Buterin, Vitalik (19 November 2015). "ERC-20: Token Standard". Ethereum Improvement Proposals. Retrieved 22 June 2026.
- ^ a b c Vogelsteller, Fabian; Yasaka, Tyler (2 October 2017). "ERC-725: General data key/value store and execution". Ethereum Improvement Proposals. Retrieved 22 June 2026.
- ^ a b McDowell, Maghan (25 April 2019). "Four tech start-ups reveal how they won over big fashion clients". Vogue. Retrieved 22 June 2026.
- ^ a b Jana, Rosalind (11 April 2022). "The Metaverse Could Radically Reshape Fashion". Wired. Retrieved 22 June 2026.
- ^ a b c d Edelson, Sharon (7 April 2021). "Karl Lagerfeld's photographic legacy is moving to the blockchain. What does that mean?". Vogue Business. Retrieved 22 June 2026.
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