### What is LUKSO?

LUKSO is a new layer-1 EVM blockchain built for social, culture, and creators. It aims to revolutionise the way brands, creators, and users interact with blockchain technology in the New Creative Economies.

### How does LUKSO work?

LUKSO is a blockchain platform built on the Ethereum network, utilising the Ethereum Virtual Machine (EVM) to enable seamless creation of smart contracts and decentralised applications (DApps). It adopts a Proof of Stake (PoS) consensus mechanism to secure its network efficiently. It employs several algorithms, such as Casper FFG and LMD GHOST, to enhance network security and performance.

### What are the potential use cases for LUKSO?

LUKSO supports creative industries such as fashion, design, and lifestyle by enabling digital ownership, digital identity, and DApps tailored for these sectors. Potential uses include digital authentication of fashion items, management of digital designs, and fostering economic communities in social media and gaming.

### What is the history of LUKSO?

LUKSO was founded in 2017 by Fabian Vogelsteller and Marjorie Hernandez. Key milestones include the release of its whitepaper in 2019, a reversible ICO for LYXe in 2020-2021, and the mainnet launch in May 2023. The platform has evolved with developments like Universal Profiles and LUKSO Standard Proposals to create a blockchain accessible to creatives.

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